| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $85M | $85M | -4.2% | -4.1% |
| Op. Income | -$3M | $4M | -$3M | -181.3% | -12.5% |
| Gross Margin | 39.7% | 44.9% | 43.9% | -5.2pp | -4.1pp |
| Net Margin | -4.9% | -5.6% | -5.9% | 0.6pp | 0.9pp |
| EPS (Diluted) | $-0.19 | $-0.22 | $-0.24 | 13.6% | 20.8% |
| Free Cash Flow | -$7M | $8M | -$837.0K | -192.4% | -729.0% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $9M |
| SG&A Expenses | $35M |
| Other Expenses | $1M |
| Operating Expenses | $36M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$844.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$87.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $55M |
| Other Current Assets | $178.0K |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $63M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $396.0K |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $159M |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $22M |
| Additional Paid-In Capital | $82M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $55M |
| Net Debt | $51M |
