On a GAAP basis, fourth-quarter gross margin was 65.6% versus 66.2% a year ago. Operating income was $3.7 million (6% of revenue), down from $4.1 million (6.7%) in the prior-year quarter. GAAP net income fell to $1.9 million , or $0.07 per diluted share, from $6.8 million, or $0.22 per diluted share, in Q4 2024.By geography in the quarter, revenue was split 47% North America, 35% EMEA, 13% Asia Pacific, and 5% Central and Latin America. Baruch said the top 15 customers represented 58% of fourth-quarter reve ...