Net Sales

Approximately 5% lower

Net Sales declined from $97,434K in Q4 2024 to $92,701K in Q4 2025, indicating softer demand likely in the Print segment—the sole revenue driver. This single-source dependency makes revenue vulnerable to market shifts within the print industry. " "

Operating Income

Approximately 7% lower

Operating Income dropped from $12,935K to $12,015K, a decline of about $920K, which reflects the margin pressures related to lower sales volumes and likely increased operational costs in a challenging market environment. " "

Net Earnings

Approximately 11% lower

Net Earnings decreased from $10,146K to $9,023K, suggesting that the impact of reduced sales and rising cost pressures were more pronounced at the bottom line, further eroding profitability and potentially affecting future reinvestment capacity. " "

Basic EPS

Approximately 12.5% lower

Basic EPS fell from $0.40 to $0.35, underscoring that lower net earnings and potential dilution affected shareholder returns, which may influence investor sentiment and the company’s ability to raise capital going forward. " "

Revenue Segment (Print)

Sole revenue driver

The Print segment generated $92.65M in Q4 2025, highlighting the company’s heavy reliance on print revenue. This concentration means that any downturn in print demand directly impacts overall revenue, emphasizing the need to diversify or innovate. " " "

Cash & Cash Equivalents

Approximately 18% decrease

Cash declined from $81,597K to $67,000K, which may result from changes in operating activities, capital expenditures, or strategic payout decisions that reduced liquidity, stressing the importance of cash flow management in a competitive market. " "

Short-term Investments

Approximately 81% decrease

Short-term Investments fell sharply from $29,325K to $5,475K, reflecting a strategic shift in the investment portfolio—possibly reallocating funds due to evolving liquidity needs or changes in the investment strategy as market priorities and opportunities change. " "