| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $937.6K | $3M | $202.0K | -66.2% | 364.2% |
| Op. Income | -$10M | -$8M | -$10M | -30.3% | -3.4% |
| Gross Margin | -375.1% | -92.6% | -1159.0% | -282.5pp | 783.9pp |
| Net Margin | -1098.5% | -366.4% | -5790.5% | -732.1pp | 4692.0pp |
| EPS (Diluted) | $-0.09 | $-0.11 | $-0.17 | 16.5% | 46.0% |
| Free Cash Flow | -$8M | -$6M | -$6M | -23.2% | -22.3% |
| Item | Amount |
|---|---|
| REVENUE | $937.6K |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $291.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $313.9K |
| Other Income/Expenses | -$166.2K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $351.6K |
| Change in Working Capital | -$807.3K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$708.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$708.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $104.1K |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $42M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $766.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $101M |
| Account Payables | $318.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $159.1K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $120.3K |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$270M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $47.8K |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $101M |
| Total Debt | $278.7K |
| Net Debt | -$30M |
