| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $35M | $26M | -17.6% | 10.9% |
| Op. Income | $1M | $4M | $2M | -68.1% | -25.7% |
| Gross Margin | 59.9% | 59.8% | 60.8% | 0.1pp | -0.9pp |
| Net Margin | 2.8% | 9.5% | 6.3% | -6.8pp | -3.6pp |
| EPS (Diluted) | $0.03 | $0.14 | $0.07 | -78.6% | -56.5% |
| Free Cash Flow | -$5M | $8M | -$6M | -162.0% | 21.4% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $16M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $1M |
| Interest Income | $88.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$463.0K |
| INCOME BEFORE TAX | $797.0K |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | $801.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $801.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $801.0K |
| D&A | $0 |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $16M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $1M |
| Interest Income | $88.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$463.0K |
| INCOME BEFORE TAX | $797.0K |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | $801.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $801.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $801.0K |
| D&A | $0 |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $801.0K |
| Depreciation & Amortization | $635.0K |
| Stock-Based Compensation | $535.0K |
| Deferred Income Tax | $144.0K |
| Other Non-Cash Items | -$175.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$621.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$621.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$953.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7.0K |
| NET CASH FROM FINANCING | -$960.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $2M |
| Net Receivables | $12M |
| Inventory | $33M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $9M |
| Goodwill | $2M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $80M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $445.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $136M |
| Retained Earnings | -$46M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$332.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66M |
| Minority Interest | $0 |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $2M |
| Net Debt | -$5M |
