| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $696.9K | $336.9K | $659.3K | 106.9% | 5.7% |
| Op. Income | -$1M | -$3M | -$287.6K | 49.3% | -407.0% |
| Gross Margin | -230.3% | -552.8% | 9.4% | 322.5pp | -239.7pp |
| Net Margin | -161.9% | -749.7% | -36.2% | 587.7pp | -125.8pp |
| EPS (Diluted) | $-0.07 | $-0.18 | $-0.02 | 58.9% | -237.4% |
| Free Cash Flow | -$1M | -$2M | -$55.9K | 28.8% | -1878.1% |
| Item | Amount |
|---|---|
| REVENUE | $696.9K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$83.4K |
| SG&A Expenses | -$83.4K |
| Other Expenses | -$63.3K |
| Operating Expenses | -$146.7K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $9.0K |
| Other Income/Expenses | $268.1K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$61.8K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $62.5K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $62.5K |
| Stock-Based Compensation | $49.3K |
| Deferred Income Tax | -$152.7K |
| Other Non-Cash Items | $357.9K |
| Change in Working Capital | $281.7K |
| OPERATING CASH FLOW | -$529.8K |
| Capital Expenditure | -$576.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6.8K |
| Other Investing Activities | $342.6K |
| NET CASH FROM INVESTING | -$227.0K |
| Net Debt Issuance | $16.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16.6K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$740.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $44.8K |
| Inventory | $34.4K |
| Other Current Assets | $20.1K |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $309.2K |
| Other Non-Current Assets | $488.8K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $35M |
| Account Payables | $240.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $146.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50.8K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $742.3K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $15.3K |
| Additional Paid-In Capital | $37M |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $35M |
| Total Debt | $933.8K |
| Net Debt | -$28M |
