| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 1.1% | 3.2% |
| Op. Income | -$171.0K | -$482.0K | -$511.0K | 64.5% | 66.5% |
| Gross Margin | 66.1% | 65.7% | 66.9% | 0.5pp | -0.7pp |
| Net Margin | -2.2% | -9.4% | -16.7% | 7.2pp | 14.5pp |
| EPS (Diluted) | $-0.01 | $-0.03 | $-0.06 | 76.3% | 88.3% |
| Free Cash Flow | -$56.0K | -$351.0K | $173.0K | 84.0% | -132.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $792.0K |
| Selling & Marketing | $1M |
| General & Administrative | $711.0K |
| SG&A Expenses | $2M |
| Other Expenses | $215.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$171.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $90.0K |
| INCOME BEFORE TAX | -$81.0K |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$86.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86.0K |
| D&A | $190.0K |
| EBIT | -$81.0K |
| EBITDA | $109.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$86.0K |
| Depreciation & Amortization | $190.0K |
| Stock-Based Compensation | $78.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$90.0K |
| Change in Working Capital | -$131.0K |
| OPERATING CASH FLOW | -$39.0K |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10.0K |
| NET CASH FROM INVESTING | -$17.0K |
| Net Debt Issuance | -$91.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$91.0K |
| FREE CASH FLOW | -$56.0K |
| Net Change in Cash | -$145.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $618.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $534.0K |
| Goodwill | $8M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $16M |
| Account Payables | $1M |
| Short-Term Debt | $86.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $804.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $150.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $443.0K |
| TOTAL NON-CURRENT LIABILITIES | $955.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$94M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$318.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $723.0K |
| Net Debt | -$758.0K |
