| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 0.7% | 0.2% |
| Op. Income | -$482.0K | -$689.0K | -$482.0K | 30.0% | 0.0% |
| Gross Margin | 65.7% | 66.3% | 68.7% | -0.6pp | -3.0pp |
| Net Margin | -9.4% | -20.5% | -11.2% | 11.1pp | 1.8pp |
| EPS (Diluted) | $-0.03 | $-0.07 | $-0.04 | 54.5% | 27.7% |
| Free Cash Flow | -$351.0K | -$570.0K | $212.0K | 38.4% | -265.6% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $880.0K |
| Selling & Marketing | $1M |
| General & Administrative | $806.0K |
| SG&A Expenses | $2M |
| Other Expenses | $219.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$482.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $63.0K |
| INCOME BEFORE TAX | -$419.0K |
| Income Tax Expense | -$54.0K |
| Net Income from Continuing Ops | -$365.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$365.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$365.0K |
| D&A | $194.0K |
| EBIT | -$703.0K |
| EBITDA | -$509.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$365.0K |
| Depreciation & Amortization | $193.0K |
| Stock-Based Compensation | $94.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$111.0K |
| Change in Working Capital | -$156.0K |
| OPERATING CASH FLOW | -$345.0K |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.0K |
| Net Debt Issuance | -$29.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$86.0K |
| NET CASH FROM FINANCING | -$115.0K |
| FREE CASH FLOW | -$351.0K |
| Net Change in Cash | -$477.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $310.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $180.0K |
| Goodwill | $8M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $15M |
| Account Payables | $2M |
| Short-Term Debt | $156.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $659.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $170.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $533.0K |
| TOTAL NON-CURRENT LIABILITIES | $776.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$94M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$312.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $460.0K |
| Net Debt | -$1M |
