| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $22M | $23M | 4.5% | 0.9% |
| Op. Income | -$2M | -$5M | -$7M | 50.7% | 66.9% |
| Gross Margin | 73.5% | 74.3% | 72.3% | -0.8pp | 1.2pp |
| Net Margin | -4.5% | -16.0% | -22.9% | 11.4pp | 18.3pp |
| EPS (Diluted) | $-0.03 | $-0.10 | $-0.14 | 71.6% | 79.7% |
| Free Cash Flow | $4M | -$2M | $3M | 313.2% | 42.0% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $17M |
| R&D Expenses | $6M |
| Selling & Marketing | $5M |
| General & Administrative | $7M |
| SG&A Expenses | $12M |
| Other Expenses | $1M |
| Operating Expenses | $19M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$2M |
| Interest Income | $925.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$655.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $569.0K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $72M |
| Net Receivables | $422.0K |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $19M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $132M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $441.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$346M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$153.0K |
| Other Equity | $439M |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $132M |
| Total Debt | $19M |
| Net Debt | -$4M |
