| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $66M | — | 6.9% | — |
| Op. Income | $446.0K | -$3M | — | 113.8% | — |
| Gross Margin | 21.8% | 14.6% | — | 7.2pp | — |
| Net Margin | -2.3% | -10.6% | — | 8.3pp | — |
| EPS (Diluted) | $-0.61 | $-2.60 | — | 76.5% | — |
| Free Cash Flow | -$1M | $4M | — | -133.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $446.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$807.0K |
| Income Tax Expense | -$136.0K |
| Net Income from Continuing Ops | -$671.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$231.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $724.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$286.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $485.0K |
| Net Receivables | $26M |
| Inventory | $40M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $33M |
| Goodwill | $12M |
| Intangible Assets | $10M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $97M |
| TOTAL ASSETS | $190M |
| Account Payables | $18M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $121M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $185M |
| Common Stock | $758.0K |
| Additional Paid-In Capital | $987.0K |
| Retained Earnings | $494.0K |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$465.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $10M |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $190M |
| Total Debt | $142M |
| Net Debt | $127M |
