| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $83M | $71M | -2.1% | 14.1% |
| Op. Income | $2M | $5M | $4M | -68.5% | -60.4% |
| Gross Margin | 41.5% | 39.8% | 40.7% | 1.6pp | 0.7pp |
| Net Margin | -1.1% | 8.3% | 5.0% | -9.4pp | -6.2pp |
| EPS (Diluted) | $-0.02 | $0.09 | $0.04 | -117.6% | -136.9% |
| Free Cash Flow | $4M | $4M | -$16M | -18.5% | 122.4% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $34M |
| R&D Expenses | $5M |
| Selling & Marketing | $7M |
| General & Administrative | $9M |
| SG&A Expenses | $16M |
| Other Expenses | $11M |
| Operating Expenses | $32M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $2M |
| Interest Income | $350.0K |
| Interest Expense | $914.0K |
| Other Income/Expenses | -$615.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$919.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$919.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $4M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$919.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $113.0K |
| Change in Working Capital | $796.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$501.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$473.0K |
| NET CASH FROM FINANCING | $315.0K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $48M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $47M |
| Goodwill | $103M |
| Intangible Assets | $22M |
| Long-Term Investments | $5M |
| Tax Assets | $42M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $226M |
| TOTAL ASSETS | $390M |
| Account Payables | $62M |
| Short-Term Debt | $2M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $673.0K |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $0 |
| Additional Paid-In Capital | $489M |
| Retained Earnings | -$237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $126.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $390M |
| Total Debt | $40M |
| Net Debt | -$15M |
