Reported January 30, 2026
| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $15M | — | -92.4% |
| Op. Income | $94.4K | — | $3M | — | -97.1% |
| Gross Margin | 8.3% | — | 24.2% | — | -15.9pp |
| Net Margin | 21.2% | — | 18.3% | — | 3.0pp |
| EPS (Diluted) | $0.01 | — | $0.14 | — | -93.3% |
| Free Cash Flow | -$2.7K | — | -$2M | — | 99.9% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $94.4K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39.6K |
| Other Expenses | -$202.4K |
| Operating Expenses | -$162.9K |
| Cost & Expenses | $1M |
| OPERATING INCOME | $94.4K |
| Interest Income | $23 |
| Interest Expense | $0 |
| Other Income/Expenses | $156.5K |
| INCOME BEFORE TAX | $250.8K |
| Income Tax Expense | $8.9K |
| Net Income from Continuing Ops | $241.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241.9K |
| D&A | $1.1K |
| EBIT | $93.2K |
| EBITDA | $94.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $94.4K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39.6K |
| Other Expenses | -$202.4K |
| Operating Expenses | -$162.9K |
| Cost & Expenses | $1M |
| OPERATING INCOME | $94.4K |
| Interest Income | $23 |
| Interest Expense | $0 |
| Other Income/Expenses | $156.5K |
| INCOME BEFORE TAX | $250.8K |
| Income Tax Expense | $8.9K |
| Net Income from Continuing Ops | $241.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241.9K |
| D&A | $1.1K |
| EBIT | $93.2K |
| EBITDA | $94.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $241.9K |
| Depreciation & Amortization | $1.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2.4K |
| Other Non-Cash Items | -$184.1K |
| Change in Working Capital | -$59.2K |
| OPERATING CASH FLOW | -$2.7K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $167 |
| NET CASH FROM FINANCING | -$2.7K |
| FREE CASH FLOW | -$2.7K |
| Net Change in Cash | -$4.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23.8K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $2M |
| Other Current Assets | $13.6K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $3.6K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $2.5K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6.2K |
| TOTAL ASSETS | $2M |
| Account Payables | $26 |
| Short-Term Debt | $2.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.6K |
| TOTAL CURRENT LIABILITIES | $32.3K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $32.3K |
| Common Stock | $3.3K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $11.1K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $2.4K |
| Net Debt | -$21.4K |