| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $409.2K | -3.1% | 145.3% |
| Op. Income | -$2M | -$1M | -$2M | -43.1% | -20.6% |
| Gross Margin | 45.1% | 28.2% | 46.0% | 17.0pp | -0.8pp |
| Net Margin | -175.4% | -162.8% | -417.3% | -12.6pp | 241.9pp |
| EPS (Diluted) | $-1.46 | $-2.70 | $0.00 | 45.8% | -Infinity% |
| Free Cash Flow | -$1M | -$1M | -$2M | 23.3% | 36.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $550.5K |
| GROSS PROFIT | $453.1K |
| R&D Expenses | $725.8K |
| Selling & Marketing | $471.4K |
| General & Administrative | $824.3K |
| SG&A Expenses | $1M |
| Other Expenses | $338.6K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $22.7K |
| Interest Expense | $54.8K |
| Other Income/Expenses | $209.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $125.8K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $125.8K |
| Stock-Based Compensation | $10.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$129 |
| Change in Working Capital | $620.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$14.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9.6K |
| NET CASH FROM INVESTING | -$24.5K |
| Net Debt Issuance | -$40.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$825.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $379.7K |
| Other Current Assets | $179.7K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $103.1K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $9M |
| Account Payables | $299.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $5.6K |
| Other Current Liabilities | $154.2K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $794.4K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $34M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$62.2K |
| Other Equity | $6M |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $952.5K |
| Net Debt | -$4M |
