| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $27M | — | -4.5% | — |
| Op. Income | $3M | $894.8K | — | 257.0% | — |
| Gross Margin | 40.1% | 40.4% | — | -0.3pp | — |
| Net Margin | 8.7% | 2.7% | — | 6.0pp | — |
| EPS (Diluted) | $0.34 | $0.11 | — | 209.1% | — |
| Free Cash Flow | -$136.0K | $4M | — | -103.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $10M |
| R&D Expenses | $440.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $3M |
| Interest Income | $486.0K |
| Interest Expense | $1.0K |
| Other Income/Expenses | $488.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| 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 | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $10M |
| R&D Expenses | $440.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $3M |
| Interest Income | $486.0K |
| Interest Expense | $1.0K |
| Other Income/Expenses | $488.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| 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 | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $35.0K |
| Other Non-Cash Items | $630.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$41.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$136.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $122.0K |
| Net Receivables | $84M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $56M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $218M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $321.0K |
| Other Non-Current Liabilities | $269.0K |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $179M |
| Retained Earnings | -$3M |
| Treasury Stock | -$860.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $175M |
| Minority Interest | -$13M |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $40M |
| Net Debt | -$14M |
