| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $3M | $902.0K | 1064.6% | 3649.6% |
| Op. Income | $4M | -$15M | -$6M | 128.3% | 165.9% |
| Gross Margin | 45.9% | 3.3% | 24.6% | 42.7pp | 21.3pp |
| Net Margin | 2.0% | -1135.5% | -705.0% | 1137.5pp | 706.9pp |
| EPS (Diluted) | $0.00 | $-0.33 | $-0.28 | 100.4% | 100.4% |
| Free Cash Flow | -$734.0K | -$10M | -$4M | 92.9% | 83.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $16M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | -$15M |
| Operating Expenses | $11M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $661.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $661.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $661.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661.0K |
| D&A | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $16M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | -$15M |
| Operating Expenses | $11M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $661.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $661.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $661.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661.0K |
| D&A | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $661.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$406.0K |
| Capital Expenditure | -$328.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$734.0K |
| Net Change in Cash | $321.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $636.0K |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $606.0K |
| Goodwill | $19M |
| Intangible Assets | $95M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $132M |
| TOTAL ASSETS | $275M |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $615M |
| Retained Earnings | -$377M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $238M |
| Minority Interest | $0 |
| TOTAL EQUITY | $238M |
| TOTAL LIABILITIES & EQUITY | $275M |
| Total Debt | $15M |
| Net Debt | $4M |
