| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $28M | -$1M | 10.1% | 2473.3% |
| Op. Income | $646.0K | -$3M | $28M | 120.0% | -97.7% |
| Gross Margin | 62.6% | 56.0% | -1749.2% | 6.6pp | 1811.9pp |
| Net Margin | 1.0% | -8.4% | 1695.0% | 9.3pp | -1694.0pp |
| EPS (Diluted) | $0.02 | $-0.16 | $-1.50 | 112.4% | 101.3% |
| Free Cash Flow | $4M | $5M | $275.0K | -19.9% | 1350.5% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $19M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $646.0K |
| Interest Income | $0 |
| Interest Expense | $118.0K |
| Other Income/Expenses | $118.0K |
| INCOME BEFORE TAX | $764.0K |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $292.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $292.0K |
| D&A | $1M |
| EBIT | $882.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $19M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $646.0K |
| Interest Income | $0 |
| Interest Expense | $118.0K |
| Other Income/Expenses | $118.0K |
| INCOME BEFORE TAX | $764.0K |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $292.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $292.0K |
| D&A | $1M |
| EBIT | $882.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $292.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$25.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$648.0K |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $198.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$509.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $19M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $66M |
| Goodwill | $8M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $190M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $701.0K |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $61M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $87M |
| TOTAL STOCKHOLDERS' EQUITY | $143M |
| Minority Interest | $0 |
| TOTAL EQUITY | $143M |
| TOTAL LIABILITIES & EQUITY | $190M |
| Total Debt | $24M |
| Net Debt | -$33M |
