| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $8M | -11.0% | -38.2% |
| Op. Income | -$2M | -$940.3K | $1M | -149.2% | -292.9% |
| Gross Margin | 37.3% | 45.1% | 44.7% | -7.8pp | -7.3pp |
| Net Margin | -65.0% | -12.1% | 8.4% | -53.0pp | -73.4pp |
| EPS (Diluted) | $-13.36 | $-2.78 | $2.80 | -380.6% | -577.1% |
| Free Cash Flow | -$661.4K | -$134.8K | $157.7K | -390.6% | -519.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $158.1K |
| Other Income/Expenses | -$83.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $857.8K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$2M |
| EBITDA | $766.6K |
| EPS | -$13 |
| EPS Diluted | -$13 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $795.2K |
| Other Non-Cash Items | $221.9K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$645.5K |
| Capital Expenditure | -$15.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$48.7K |
| NET CASH FROM INVESTING | -$64.6K |
| Net Debt Issuance | $252.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $252.2K |
| FREE CASH FLOW | -$661.4K |
| Net Change in Cash | -$527.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $840.1K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $6M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $662.4K |
| Long-Term Investments | $0 |
| Tax Assets | $95.0K |
| Other Non-Current Assets | $728.5K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $34M |
| Account Payables | $1M |
| Short-Term Debt | $5M |
| Deferred Revenue | $28.1K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $49.2K |
| Additional Paid-In Capital | $11M |
| Retained Earnings | -$895.5K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41.1K |
| Other Equity | -$220.0K |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $19M |
| Net Debt | $18M |
