| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $46M | $45M | 11.1% | 12.5% |
| Op. Income | -$4M | -$4M | -$16.3K | 3.9% | -24670.3% |
| Gross Margin | -0.3% | 0.6% | 3.4% | -0.9pp | -3.7pp |
| Net Margin | -10.4% | -8.2% | 0.6% | -2.2pp | -11.0pp |
| EPS (Diluted) | $-0.13 | $-0.09 | $0.01 | -44.4% | -2163.5% |
| Free Cash Flow | $7M | $3M | -$3M | 121.8% | 321.0% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $51M |
| GROSS PROFIT | -$154.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$4M |
| Interest Income | $266.6K |
| Interest Expense | $347.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$56.4K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $960.2K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $960.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$296.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23.0K |
| NET CASH FROM INVESTING | -$273.5K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $998.9K |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $54.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $133M |
| TOTAL ASSETS | $170M |
| Account Payables | $9M |
| Short-Term Debt | $5M |
| Deferred Revenue | $939.1K |
| Other Current Liabilities | $113.1K |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $145M |
| Common Stock | $422 |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $170M |
| Total Debt | $134M |
| Net Debt | $125M |
