| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $14M | $11M | 8.3% | 28.2% |
| Op. Income | $2M | $1M | $431.0K | 53.9% | 347.3% |
| Gross Margin | 76.4% | 75.2% | 74.6% | 1.3pp | 1.9pp |
| Net Margin | 20.2% | 11.6% | 13.6% | 8.6pp | 6.6pp |
| EPS (Diluted) | $0.14 | $0.04 | $0.04 | 250.0% | 239.8% |
| Free Cash Flow | $518.8K | $586.0K | $3M | -11.5% | -79.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $11M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $433.7K |
| Other Income/Expenses | $628.9K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$394.4K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $354.2K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $11M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $433.7K |
| Other Income/Expenses | $628.9K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$394.4K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $354.2K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $354.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $115.6K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$751.0K |
| Capital Expenditure | $1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $14 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$995.7K |
| NET CASH FROM FINANCING | -$995.7K |
| FREE CASH FLOW | $518.8K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $7M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $113M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $430.0K |
| Additional Paid-In Capital | $162M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73M |
| Minority Interest | $0 |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $113M |
| Total Debt | $7M |
| Net Debt | -$61M |
