| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $73M | $80M | 5.0% | -4.6% |
| Op. Income | $10M | $8M | $12M | 26.5% | -11.7% |
| Gross Margin | 44.1% | 40.7% | 47.9% | 3.3pp | -3.8pp |
| Net Margin | 11.3% | 9.0% | 12.4% | 2.3pp | -1.1pp |
| EPS (Diluted) | $0.91 | $0.69 | $1.04 | 31.9% | -12.5% |
| Free Cash Flow | $23M | -$1M | $20M | 1849.5% | 16.0% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $10M |
| Interest Income | $720.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $744.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $846.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $10M |
| Interest Income | $720.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $744.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $846.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $824.0K |
| Stock-Based Compensation | $437.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$503.0K |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$861.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $755.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$106.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$1.0K |
| Other Financing Activities | -$3.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $1M |
| Net Receivables | $39M |
| Inventory | $66M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $42M |
| Goodwill | $12M |
| Intangible Assets | $33M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $114M |
| TOTAL ASSETS | $320M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $10M |
| Additional Paid-In Capital | $74M |
| Retained Earnings | $170M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $6M |
| Net Debt | -$90M |
