| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $6M | -21.3% | -17.9% |
| Op. Income | -$568.4K | $345.0K | $518.3K | -264.8% | -209.7% |
| Gross Margin | 16.9% | 27.5% | 36.1% | -10.5pp | -19.2pp |
| Net Margin | -12.7% | 4.0% | 13.5% | -16.7pp | -26.2pp |
| EPS (Diluted) | $-0.13 | $0.05 | $0.03 | -361.0% | -543.7% |
| Free Cash Flow | -$1M | -$2M | $1M | 31.8% | -195.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $857.0K |
| R&D Expenses | $87.3K |
| Selling & Marketing | $302.9K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$87.3K |
| Operating Expenses | $1M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$568.4K |
| Interest Income | $0 |
| Interest Expense | $107.7K |
| Other Income/Expenses | -$121.2K |
| INCOME BEFORE TAX | -$689.6K |
| Income Tax Expense | -$44.1K |
| Net Income from Continuing Ops | -$645.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$645.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$645.4K |
| D&A | $198.2K |
| EBIT | -$568.4K |
| EBITDA | -$370.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$645.5K |
| Depreciation & Amortization | $198.2K |
| Stock-Based Compensation | $38.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5.8K |
| Change in Working Capital | -$485.6K |
| OPERATING CASH FLOW | -$889.2K |
| Capital Expenditure | -$152.8K |
| Acquisitions (Net) | $38.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114.8K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $12M |
| Other Current Assets | $487.0K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $22M |
| Account Payables | $902.3K |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $744.6K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $52.3K |
| Additional Paid-In Capital | $5M |
| Retained Earnings | $8M |
| Treasury Stock | -$308.7K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $22M |
| Total Debt | $6M |
| Net Debt | $6M |
