- Revenue (Q4 2025): $1.389 million, YoY +10.24%, QoQ -11.30%
- Gross Profit: $1.389 million (gross margin reported as 100% in the quarter data)
- Operating Income: $9.396 million (YoY +175.20%, QoQ +33.62%)
- EBITDA: -$10.514 million (EBITDAR -7.57%)
- Net Income: $9.208 million (YoY +197.84%, QoQ +19.43%)
- EPS (diluted): $0.49-$0.50; Basic: $0.50
- Weighted Avg Shares: ~18.58 million
- Free Cash Flow: -$22.08 million
- Cash and cash equivalents: ~$47.37 million; Net cash position: ~-$41.98 million (net debt)
- Debt: $5.39 million; No debt outstanding at quarter-end
- Contracted proceeds pipeline: ~$150 million outstanding with ~$80 million expected in FY26; cash in quarter end: >$47 million; capital-light model ongoing
- Notable non-cash/grey areas: substantial “other expenses” and non-operating items contributing to the EBITDA gap despite positive net income in the quarter