| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297.0K | $220.0K | $34.0K | 35.0% | 773.5% |
| Op. Income | -$4M | -$3M | -$4M | -21.2% | 2.5% |
| Gross Margin | 63.3% | -116.8% | 26.5% | 180.1pp | 36.8pp |
| Net Margin | -1166.7% | -1331.8% | -9641.2% | 165.2pp | 8474.5pp |
| EPS (Diluted) | $-2.07 | $-1.76 | $-2.01 | -17.6% | -3.0% |
| Free Cash Flow | -$4M | -$3M | -$4M | -61.8% | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $297.0K |
| Cost of Revenue | $109.0K |
| GROSS PROFIT | $188.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $71.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| 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 | $302.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $302.0K |
| Stock-Based Compensation | $304.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$448.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$28.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8.0K |
| NET CASH FROM FINANCING | -$36.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$454.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $11M |
| Net Receivables | $354.0K |
| Inventory | $3M |
| Other Current Assets | $821.0K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $50.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $347.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $23M |
| Account Payables | $613.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $328.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $134.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $191M |
| Additional Paid-In Capital | $84M |
| Retained Earnings | -$254M |
| Treasury Stock | -$119.0K |
| Accum. Other Comp. Income | -$716.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $0 |
| TOTAL EQUITY | $19M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $3M |
| Net Debt | -$102.0K |
