| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $17M | $14M | -27.5% | -11.8% |
| Op. Income | -$2M | $4M | $164.0K | -138.1% | -1145.1% |
| Gross Margin | 38.0% | 58.8% | 48.2% | -20.9pp | -10.3pp |
| Net Margin | -14.8% | 26.4% | -0.8% | -41.2pp | -14.1pp |
| EPS (Diluted) | $-0.13 | $0.31 | $-0.01 | -141.9% | -1525.0% |
| Free Cash Flow | $7M | $448.0K | -$2M | 1376.6% | 488.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$250.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$129.0K |
| 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 | $394.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $394.0K |
| Stock-Based Compensation | $131.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $451.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$253.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$253.0K |
| Net Debt Issuance | -$38.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$32.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $9M |
| Goodwill | $335.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $185.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $32M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $135.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $85.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $84M |
| Retained Earnings | -$80M |
| Treasury Stock | -$708.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $6M |
| Net Debt | -$4M |
