| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | $2M | -26.5% | 141.6% |
| Op. Income | -$3M | -$221.3K | -$4M | -1384.1% | 24.4% |
| Gross Margin | 13.4% | 48.6% | 10.7% | -35.2pp | 2.7pp |
| Net Margin | -71.6% | -3.1% | -206.2% | -68.5pp | 134.6pp |
| EPS (Diluted) | $-0.15 | $-0.01 | $-0.32 | -1530.4% | 53.1% |
| Free Cash Flow | -$4M | -$1M | -$1M | -143.4% | -196.6% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $599.5K |
| R&D Expenses | $589.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$3M |
| Interest Income | $48.8K |
| Interest Expense | $0 |
| Other Income/Expenses | $89.9K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $13.0K |
| 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 | $533.2K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $533.2K |
| Stock-Based Compensation | $242.0K |
| Deferred Income Tax | $13.0K |
| Other Non-Cash Items | $267.3K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$85.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$4.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $9M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $7M |
| Goodwill | $5M |
| Intangible Assets | $13M |
| Long-Term Investments | $348.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $51M |
| Account Payables | $5M |
| Short-Term Debt | $516.7K |
| Deferred Revenue | $28.3K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $20.7K |
| Additional Paid-In Capital | $61M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $4M |
| Net Debt | -$802.5K |
