| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $1M | 9.5% | 40.6% |
| Op. Income | -$2M | -$2M | -$3M | -9.1% | 18.5% |
| Gross Margin | 82.7% | 88.2% | 83.1% | -5.5pp | -0.4pp |
| Net Margin | -265.1% | -184.3% | -477.5% | -80.7pp | 212.4pp |
| EPS (Diluted) | $-1.59 | $-0.20 | $-0.10 | -695.0% | -1490.0% |
| Free Cash Flow | -$2M | -$3M | -$1M | 40.0% | -29.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $282.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | -$3M |
| General & Administrative | $6M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $92.2K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $16.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $16.0K |
| Stock-Based Compensation | $321.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $364.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$7.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $295.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294.0K |
| Short-Term Investments | $0 |
| Net Receivables | $269.0K |
| Inventory | $0 |
| Other Current Assets | $103.0K |
| TOTAL CURRENT ASSETS | $737.0K |
| PP&E (Net) | $721.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $721.0K |
| TOTAL ASSETS | $1M |
| Account Payables | $2M |
| Short-Term Debt | $19M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $115.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $370.0K |
| TOTAL NON-CURRENT LIABILITIES | $753.0K |
| TOTAL LIABILITIES | $26M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $7M |
| Retained Earnings | -$47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$25M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$25M |
| TOTAL LIABILITIES & EQUITY | $1M |
| Total Debt | $19M |
| Net Debt | $19M |
