| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $7M | -0.0% | 24.6% |
| Op. Income | -$1M | -$920.0K | -$2M | -21.8% | 33.6% |
| Gross Margin | 57.6% | 61.4% | 56.7% | -3.8pp | 1.0pp |
| Net Margin | -24.3% | -27.7% | -40.6% | 3.4pp | 16.3pp |
| EPS (Diluted) | $-0.12 | $-0.14 | $-0.17 | 14.3% | 29.4% |
| Free Cash Flow | -$3M | -$3M | -$3M | -14.3% | 11.8% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $5M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $6M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$64.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $433.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $433.0K |
| Stock-Based Compensation | $148.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $899.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$654.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14.0K |
| NET CASH FROM INVESTING | -$668.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$159.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $433.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $48M |
| Account Payables | $3M |
| Short-Term Debt | $149.0K |
| Deferred Revenue | $492.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $133M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $48M |
| Total Debt | $14M |
| Net Debt | -$9M |
