| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $749.0K | $2M | 84.2% | -23.6% |
| Op. Income | -$1M | -$2M | -$1M | 28.5% | 18.3% |
| Gross Margin | 30.7% | -32.6% | 16.0% | 63.3pp | 14.7pp |
| Net Margin | 0.1% | -206.1% | -72.8% | 206.3pp | 73.0pp |
| EPS (Diluted) | $0.00 | $-0.16 | $-0.08 | 101.9% | 103.8% |
| Free Cash Flow | -$268.0K | -$661.0K | -$1M | 59.5% | 80.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $956.0K |
| GROSS PROFIT | $424.0K |
| R&D Expenses | $212.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $5.0K |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | $2.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0K |
| D&A | $102.0K |
| EBIT | $5.0K |
| EBITDA | $107.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2.0K |
| Depreciation & Amortization | $102.0K |
| Stock-Based Compensation | $460.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$282.0K |
| Change in Working Capital | -$550.0K |
| OPERATING CASH FLOW | -$268.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$19.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $920.0K |
| FREE CASH FLOW | -$268.0K |
| Net Change in Cash | $617.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $467.0K |
| Goodwill | $0 |
| Intangible Assets | $223.0K |
| Long-Term Investments | $165.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $100.0K |
| TOTAL NON-CURRENT ASSETS | $955.0K |
| TOTAL ASSETS | $7M |
| Account Payables | $681.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $54.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $225.0K |
| Additional Paid-In Capital | $58M |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$102.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $373.0K |
| Net Debt | -$3M |
