| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $115M | $111M | -2.9% | 0.6% |
| Op. Income | $4M | -$5M | -$4M | 179.6% | 199.6% |
| Gross Margin | 89.1% | 89.1% | 89.6% | 0.0pp | -0.5pp |
| Net Margin | -0.7% | -8.5% | -9.7% | 7.8pp | 9.0pp |
| EPS (Diluted) | $-0.01 | $-0.11 | $-0.11 | 91.0% | 91.0% |
| Free Cash Flow | $5M | $1M | $11M | 314.6% | -53.0% |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $100M |
| R&D Expenses | $28M |
| Selling & Marketing | $51M |
| General & Administrative | $16M |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $512.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$835.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$835.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$835.0K |
| D&A | $3M |
| EBIT | $52M |
| EBITDA | $55M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$835.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$305.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $103M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $221M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $14M |
| Goodwill | $9M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $75M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $570M |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $555M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $576M |
| TOTAL LIABILITIES | $647M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$77M |
| Treasury Stock | -$644.0K |
| Accum. Other Comp. Income | $32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$77M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$77M |
| TOTAL LIABILITIES & EQUITY | $570M |
| Total Debt | $568M |
| Net Debt | $380M |
