| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $18M | $17M | -23.0% | -15.1% |
| Op. Income | -$2M | -$1M | $3M | -109.1% | -192.1% |
| Gross Margin | 30.3% | 39.2% | 50.9% | -8.9pp | -20.6pp |
| Net Margin | -20.6% | -3.5% | 143.8% | -17.1pp | -164.3pp |
| EPS (Diluted) | $-0.10 | $-0.02 | $0.81 | -350.0% | -112.0% |
| Free Cash Flow | -$5M | -$3M | $1M | -57.0% | -534.6% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$2M |
| Interest Income | $222.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$646.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$87.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$128.0K |
| Other Non-Cash Items | $584.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$264.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $251.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $42M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $19M |
| Goodwill | $11M |
| Intangible Assets | $11M |
| Long-Term Investments | $200.0K |
| Tax Assets | $19M |
| Other Non-Current Assets | $346.0K |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $149M |
| Account Payables | $7M |
| Short-Term Debt | $909.0K |
| Deferred Revenue | $179.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $299.0K |
| Additional Paid-In Capital | $146M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$126.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $11M |
| Net Debt | -$14M |
