| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $62M | $42M | -52.0% | -28.7% |
| Op. Income | -$7M | -$953.0K | -$3M | -615.5% | -164.9% |
| Gross Margin | 46.7% | 40.9% | 45.4% | 5.8pp | 1.2pp |
| Net Margin | -23.0% | -1.6% | -5.7% | -21.4pp | -17.3pp |
| EPS (Diluted) | $-0.54 | $-0.08 | $-0.18 | -591.4% | -200.0% |
| Free Cash Flow | -$2M | $7M | -$5M | -127.4% | 63.6% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $14M |
| R&D Expenses | $2M |
| Selling & Marketing | $11M |
| General & Administrative | $8M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$7M |
| Interest Income | $7.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $42.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $3M |
| EBIT | -$7M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $651.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$329.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$370.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $126M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $182.0K |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $242M |
| Account Payables | $23M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $280M |
| Retained Earnings | -$82M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $242M |
| Total Debt | $33M |
| Net Debt | $16M |
