| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $8M | 5.5% | -32.3% |
| Op. Income | -$2M | -$2M | -$45.5K | 35.8% | -3207.3% |
| Gross Margin | 42.4% | 37.3% | 39.4% | 5.1pp | 3.1pp |
| Net Margin | -37.7% | -65.0% | -2.3% | 27.3pp | -35.4pp |
| EPS (Diluted) | $-6.00 | $-13.36 | $-0.73 | 55.1% | -721.9% |
| Free Cash Flow | -$5M | -$661.4K | -$6M | -720.4% | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $546.2K |
| Other Income/Expenses | -$554.1K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$50.3K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$444.1K |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$42.9K |
| Other Non-Cash Items | $298.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$141.6K |
| Acquisitions (Net) | -$119.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$147.3K |
| NET CASH FROM INVESTING | -$408.6K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$516.5K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $6M |
| Other Current Assets | $897.3K |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $498.6K |
| Long-Term Investments | $0 |
| Tax Assets | $153.1K |
| Other Non-Current Assets | $638.1K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $34M |
| Account Payables | $419.1K |
| Short-Term Debt | $7M |
| Deferred Revenue | $32.1K |
| Other Current Liabilities | $711.4K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $106.4K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18.7K |
| Other Equity | -$220.0K |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $0 |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $18M |
| Net Debt | $16M |
