| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $14M | $13M | -22.1% | -16.4% |
| Op. Income | -$4M | -$2M | $159.0K | -73.8% | -2657.2% |
| Gross Margin | 33.9% | 30.3% | 54.0% | 3.6pp | -20.0pp |
| Net Margin | -19.0% | -20.6% | 5.0% | 1.6pp | -24.0pp |
| EPS (Diluted) | $-0.07 | $-0.10 | $0.02 | 28.4% | -412.1% |
| Free Cash Flow | -$2M | -$5M | $2M | 67.3% | -176.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $219.0K |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$4M |
| Interest Income | $179.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$752.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $922.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $922.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$761.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$30.0K |
| OPERATING CASH FLOW | -$282.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$328.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$158.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$771.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $42M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $18M |
| Goodwill | $11M |
| Intangible Assets | $10M |
| Long-Term Investments | $200.0K |
| Tax Assets | $20M |
| Other Non-Current Assets | $384.0K |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $144M |
| Account Payables | $3M |
| Short-Term Debt | $905.0K |
| Deferred Revenue | $293.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $35.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $147M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$95.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $144M |
| Total Debt | $11M |
| Net Debt | -$12M |
