| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $35M | $37M | 0.4% | -4.9% |
| Op. Income | -$4M | -$2M | $465.0K | -74.4% | -946.7% |
| Gross Margin | 49.2% | 49.6% | 51.0% | -0.4pp | -1.8pp |
| Net Margin | -20.2% | -6.6% | -3.5% | -13.6pp | -16.7pp |
| EPS (Diluted) | $-0.08 | $-0.03 | $-0.01 | -206.8% | -425.3% |
| Free Cash Flow | $2M | $3M | $6M | -44.7% | -73.7% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $17M |
| R&D Expenses | $5M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $417.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3.0K |
| Other Non-Cash Items | $357.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$498.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$300.0K |
| NET CASH FROM INVESTING | -$798.0K |
| Net Debt Issuance | -$36.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$65.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $243.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $494.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $186M |
| Account Payables | $289.0K |
| Short-Term Debt | $678.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $305M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $133M |
| Minority Interest | $0 |
| TOTAL EQUITY | $133M |
| TOTAL LIABILITIES & EQUITY | $186M |
| Total Debt | $6M |
| Net Debt | -$57M |
