| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $7M | -3.0% | -15.4% |
| Op. Income | -$2M | -$3M | -$2M | 19.8% | -9.3% |
| Gross Margin | 28.6% | 24.9% | 24.8% | 3.7pp | 3.9pp |
| Net Margin | -35.4% | 39.2% | -74.5% | -74.6pp | 39.2pp |
| EPS (Diluted) | $-0.07 | $0.07 | $-0.46 | -204.7% | 84.1% |
| Free Cash Flow | -$2M | -$876.7K | -$259.0K | -105.2% | -594.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $171.2K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $124.4K |
| Other Income/Expenses | -$104.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $450.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $283.4K |
| Stock-Based Compensation | $261.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $480.7K |
| Change in Working Capital | -$601.1K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$7.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7.5K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $584.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $820.4K |
| Goodwill | $20M |
| Intangible Assets | $881.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $162.0K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $25M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $3.6K |
| Deferred Revenue NC | $33.7K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $451 |
| Additional Paid-In Capital | $205M |
| Retained Earnings | -$190M |
| Treasury Stock | -$290.7K |
| Accum. Other Comp. Income | -$10.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $3M |
| Net Debt | $1M |
