| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $11M | $10M | 10.8% | 21.5% |
| Op. Income | $812.0K | $784.0K | $557.0K | 3.6% | 45.8% |
| Gross Margin | 23.9% | 24.9% | 22.9% | -0.9pp | 1.0pp |
| Net Margin | 6.5% | 5.9% | 4.7% | 0.5pp | 1.8pp |
| EPS (Diluted) | $0.13 | $0.10 | $0.08 | 30.0% | 60.1% |
| Free Cash Flow | $5M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $48.0K |
| Selling & Marketing | $1M |
| General & Administrative | $826.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $812.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$292.0K |
| INCOME BEFORE TAX | $520.0K |
| Income Tax Expense | -$299.0K |
| Net Income from Continuing Ops | $819.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $819.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $819.0K |
| D&A | $122.0K |
| EBIT | $875.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $48.0K |
| Selling & Marketing | $1M |
| General & Administrative | $826.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $812.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$292.0K |
| INCOME BEFORE TAX | $520.0K |
| Income Tax Expense | -$299.0K |
| Net Income from Continuing Ops | $819.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $819.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $819.0K |
| D&A | $122.0K |
| EBIT | $875.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $818.0K |
| Depreciation & Amortization | $481.0K |
| Stock-Based Compensation | $114.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$794.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$452.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$452.0K |
| Net Debt Issuance | $158.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $7M |
| Other Current Assets | $98.0K |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $4M |
| Goodwill | $3M |
| Intangible Assets | $361.0K |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $128.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $45M |
| Account Payables | $7M |
| Short-Term Debt | $775.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $303.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $972.0K |
| Deferred Revenue NC | $286.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $732.0K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $90M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$61M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$243.0K |
| Other Equity | $102.0K |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $45M |
| Total Debt | $3M |
| Net Debt | -$9M |
