| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $13M | $11M | -0.2% | 23.1% |
| Op. Income | $116.0K | $50.0K | $358.0K | 132.0% | -67.6% |
| Gross Margin | 8.7% | 12.0% | 18.0% | -3.3pp | -9.2pp |
| Net Margin | -2.3% | -1.7% | 0.2% | -0.6pp | -2.5pp |
| EPS (Diluted) | $-0.05 | $-0.03 | $0.00 | -34.0% | -1455.9% |
| Free Cash Flow | $298.4K | $411.9K | -$2M | -27.6% | 118.9% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $116.0K |
| Interest Income | $0 |
| Interest Expense | $479.0K |
| Other Income/Expenses | -$479.0K |
| INCOME BEFORE TAX | -$363.0K |
| Income Tax Expense | -$53.0K |
| Net Income from Continuing Ops | -$310.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$310.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$310.0K |
| D&A | $574.0K |
| EBIT | $116.0K |
| EBITDA | $690.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$310.0K |
| Depreciation & Amortization | $574.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$63.4K |
| Other Non-Cash Items | $472.1K |
| Change in Working Capital | $840.3K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$566.4K |
| Sales/Maturities of Investments | $8.0K |
| Other Investing Activities | $566.4K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19.1K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18.6K |
| FREE CASH FLOW | $298.4K |
| Net Change in Cash | $357.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $10M |
| Net Receivables | $15M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $387.0K |
| Other Non-Current Assets | $65.0K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $66M |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $515.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $6M |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$1M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $6M |
| Net Debt | $4M |
