| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $5M | -7.7% | 28.8% |
| Op. Income | $1M | $1M | $662.0K | -28.2% | 52.6% |
| Gross Margin | 65.1% | 67.6% | 65.8% | -2.5pp | -0.7pp |
| Net Margin | 13.9% | 14.1% | 17.5% | -0.2pp | -3.7pp |
| EPS (Diluted) | $0.08 | $0.09 | $0.08 | -9.5% | 3.0% |
| Free Cash Flow | $1M | $3M | $513.4K | -44.9% | 171.7% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $606.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $172.3K |
| Interest Expense | $0 |
| Other Income/Expenses | $176.7K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $256.1K |
| Net Income from Continuing Ops | $930.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $930.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $930.7K |
| D&A | $365.9K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $606.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $172.3K |
| Interest Expense | $0 |
| Other Income/Expenses | $176.7K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $256.1K |
| Net Income from Continuing Ops | $930.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $930.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $930.7K |
| D&A | $365.9K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $930.7K |
| Depreciation & Amortization | $365.9K |
| Stock-Based Compensation | $27.0K |
| Deferred Income Tax | -$7.2K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $160.5K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$82.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23.2K |
| NET CASH FROM INVESTING | -$105.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $14M |
| Other Current Assets | $268.6K |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $8M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $66M |
| Account Payables | $957.8K |
| Short-Term Debt | $37.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50.5K |
| Deferred Tax Liabilities | $327.7K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $743.1K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $11.3K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$2M |
| Treasury Stock | -$61.9K |
| Accum. Other Comp. Income | -$766.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $402.3K |
| Net Debt | -$30M |
