| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $14M | — | -21.5% |
| Op. Income | -$2M | — | $2M | — | -206.6% |
| Gross Margin | 18.4% | — | 30.3% | — | -11.9pp |
| Net Margin | -20.2% | — | 3.0% | — | -23.2pp |
| EPS (Diluted) | $-0.79 | — | $0.22 | — | -459.1% |
| Free Cash Flow | $65.1K | — | -$6M | — | 101.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $2M |
| R&D Expenses | $657.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$2M |
| Interest Income | $751 |
| Interest Expense | $201.6K |
| Other Income/Expenses | -$115.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $162.2K |
| 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 | $561.2K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $561.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$4.4K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $65.1K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $19M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $85M |
| Account Payables | $8M |
| Short-Term Debt | $11M |
| Deferred Revenue | $219.7K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $879.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$36.6K |
| TOTAL NON-CURRENT LIABILITIES | $879.4K |
| TOTAL LIABILITIES | $27M |
| Common Stock | $154.2K |
| Additional Paid-In Capital | $41M |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $447.1K |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $12M |
| Net Debt | $6M |
