| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $117M | $96M | 3.6% | 26.5% |
| Op. Income | -$14M | -$3M | $9M | -322.0% | -255.8% |
| Gross Margin | 65.2% | 72.4% | 69.2% | -7.2pp | -4.0pp |
| Net Margin | -14.6% | -6.5% | 5.7% | -8.1pp | -20.3pp |
| EPS (Diluted) | $-0.59 | $-0.27 | $0.20 | -118.5% | -395.0% |
| Free Cash Flow | -$7M | $10M | -$6M | -177.5% | -19.3% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $79M |
| R&D Expenses | $24M |
| Selling & Marketing | $27M |
| General & Administrative | $47M |
| SG&A Expenses | $74M |
| Other Expenses | -$6M |
| Operating Expenses | $93M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $520.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$564.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $7M |
| EBIT | -$18M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$448.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $262.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $48M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $66M |
| Net Receivables | $74M |
| Inventory | $14M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $69M |
| Goodwill | $14M |
| Intangible Assets | $168M |
| Long-Term Investments | $0 |
| Tax Assets | $46M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $302M |
| TOTAL ASSETS | $570M |
| Account Payables | $2M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $87M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | -$37M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $262M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $936.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | $0 |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $570M |
| Total Debt | $152M |
| Net Debt | $47M |
