| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628.4K | $697.0K | $585.0K | -9.8% | 7.4% |
| Op. Income | -$2M | -$438.9K | -$886.0K | -255.1% | -75.9% |
| Gross Margin | 60.6% | 53.5% | 26.2% | 7.1pp | 34.4pp |
| Net Margin | -255.8% | -103.4% | -162.2% | -152.4pp | -93.6pp |
| EPS (Diluted) | $-0.40 | $-0.19 | $-0.27 | -110.5% | -48.1% |
| Free Cash Flow | -$1M | -$955.9K | -$24.4K | -53.4% | -5916.2% |
| Item | Amount |
|---|---|
| REVENUE | $628.4K |
| Cost of Revenue | $247.6K |
| GROSS PROFIT | $380.7K |
| R&D Expenses | -$315.5K |
| Selling & Marketing | $81.7K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $413.6K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $139.7K |
| Other Income/Expenses | -$48.8K |
| 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 | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $628 |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | -$76.2K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$48.3K |
| Change in Working Capital | $136.1K |
| OPERATING CASH FLOW | -$1M |
| 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 | -$2M |
| NET CASH FROM FINANCING | $456.4K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$54.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39.2K |
| Short-Term Investments | $0 |
| Net Receivables | $20.1K |
| Inventory | $3.5K |
| Other Current Assets | $7.0K |
| TOTAL CURRENT ASSETS | $69.7K |
| PP&E (Net) | $947 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $221.4K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $9M |
| Account Payables | $1M |
| Short-Term Debt | $74.4K |
| Deferred Revenue | $726.2K |
| Other Current Liabilities | $516.0K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $154.4K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $4.3K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$27M |
| Treasury Stock | -$40 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $228.8K |
| Net Debt | $189.6K |
