| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $0 | $2M | — | -38.5% |
| Op. Income | -$4M | -$3M | -$3M | -10.8% | -17.9% |
| Gross Margin | 20.1% | — | 86.0% | — | -65.9pp |
| Net Margin | -544.1% | — | -239.5% | — | -304.6pp |
| EPS (Diluted) | $-0.20 | $-0.15 | $-0.25 | -33.3% | 20.0% |
| Free Cash Flow | -$4M | -$3M | -$3M | -30.6% | -33.9% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $817.0K |
| GROSS PROFIT | $205.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $492.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $394.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$47.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $799.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$206.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $21.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23.0K |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $789.0K |
| Inventory | $0 |
| Other Current Assets | $943.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $263.0K |
| Goodwill | $7M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $73.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $32M |
| Account Payables | $766.0K |
| Short-Term Debt | $195.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30.0K |
| Other Equity | $105M |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $0 |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $13M |
| Net Debt | $2M |
