| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $15M | $17M | -8.2% | -16.2% |
| Op. Income | -$2M | -$8M | -$930.0K | 80.3% | -61.7% |
| Gross Margin | 66.1% | 67.8% | 72.3% | -1.6pp | -6.2pp |
| Net Margin | 14.1% | -130.9% | 8.9% | 145.1pp | 5.3pp |
| EPS (Diluted) | $-0.08 | $-2.92 | $0.16 | 97.4% | -148.3% |
| Free Cash Flow | -$618.0K | $3M | -$1M | -122.2% | 53.4% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $10M |
| Other Expenses | $444.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $516.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $803.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $803.0K |
| Stock-Based Compensation | $114.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$23.0K |
| OPERATING CASH FLOW | -$618.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$618.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $939.0K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $125M |
| Account Payables | $12M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $355M |
| Retained Earnings | -$332M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $125M |
| Total Debt | $27M |
| Net Debt | -$5M |
