| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $14M | $16M | -16.8% | -23.2% |
| Op. Income | -$112.0K | -$538.0K | -$354.0K | 79.2% | 68.4% |
| Gross Margin | 39.3% | 36.6% | 29.1% | 2.8pp | 10.2pp |
| Net Margin | 0.8% | -1.3% | 3.0% | 2.1pp | -2.3pp |
| EPS (Diluted) | $0.01 | $-0.02 | $0.05 | 145.5% | -80.0% |
| Free Cash Flow | -$3M | $2M | $2M | -283.8% | -278.3% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $858.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$112.0K |
| Interest Income | $601.0K |
| Interest Expense | $128.0K |
| Other Income/Expenses | $483.0K |
| INCOME BEFORE TAX | $371.0K |
| Income Tax Expense | $280.0K |
| Net Income from Continuing Ops | $91.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86.0K |
| D&A | $165.0K |
| EBIT | $499.0K |
| EBITDA | $664.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91.0K |
| Depreciation & Amortization | $165.0K |
| Stock-Based Compensation | $463.0K |
| Deferred Income Tax | $250.0K |
| Other Non-Cash Items | -$30.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$105.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$105.0K |
| Net Debt Issuance | $533.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $533.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $67.0K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $69M |
| Account Payables | $15M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $25M |
| Retained Earnings | $27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $3M |
| Net Debt | -$22M |
