| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $8M | — | -3.6% |
| Op. Income | $765.1K | — | $1M | — | -27.5% |
| Gross Margin | 78.4% | — | 75.1% | — | 3.3pp |
| Net Margin | 0.6% | — | 3.5% | — | -2.9pp |
| EPS (Diluted) | $0.01 | — | $0.03 | — | -66.7% |
| Free Cash Flow | $584.8K | — | $892.0K | — | -34.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $65.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $183.9K |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $765.1K |
| Interest Income | $0 |
| Interest Expense | $462.7K |
| Other Income/Expenses | -$694.8K |
| INCOME BEFORE TAX | $70.3K |
| Income Tax Expense | $23.2K |
| Net Income from Continuing Ops | $47.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47.1K |
| D&A | $342.0K |
| EBIT | $533.0K |
| EBITDA | $875.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $65.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $183.9K |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $765.1K |
| Interest Income | $0 |
| Interest Expense | $462.7K |
| Other Income/Expenses | -$694.8K |
| INCOME BEFORE TAX | $70.3K |
| Income Tax Expense | $23.2K |
| Net Income from Continuing Ops | $47.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47.1K |
| D&A | $342.0K |
| EBIT | $533.0K |
| EBITDA | $875.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47.1K |
| Depreciation & Amortization | $342.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $617.5K |
| Change in Working Capital | -$354.8K |
| OPERATING CASH FLOW | $651.8K |
| Capital Expenditure | -$67.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$507.3K |
| Sales/Maturities of Investments | $593.5K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19.1K |
| Net Debt Issuance | -$740.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$740.3K |
| FREE CASH FLOW | $584.8K |
| Net Change in Cash | -$69.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249.7K |
| Short-Term Investments | $3M |
| Net Receivables | $7M |
| Inventory | $357.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $22M |
| Goodwill | $2M |
| Intangible Assets | $851.9K |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $61M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $191.1K |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $368.9K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $148.8K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $20M |
| TOTAL STOCKHOLDERS' EQUITY | -$18M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$18M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $2M |
| Net Debt | $2M |
