| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $6M | 2.6% | 37.0% |
| Op. Income | -$820.8K | -$299.3K | -$1M | -174.2% | 43.3% |
| Gross Margin | 47.3% | 51.0% | 58.3% | -3.7pp | -11.1pp |
| Net Margin | -22.9% | -1.9% | 3.4% | -20.9pp | -26.3pp |
| EPS (Diluted) | $-0.06 | $-0.00 | $0.01 | -1093.9% | -1014.1% |
| Free Cash Flow | $3M | -$439.7K | $2M | 832.9% | 84.2% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $958.6K |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$109.6K |
| Operating Expenses | $5M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$820.8K |
| Interest Income | $247.7K |
| Interest Expense | $105.4K |
| Other Income/Expenses | -$877.3K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $123.7K |
| 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 | $58.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $58.1K |
| Stock-Based Compensation | $604.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$55.8K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$172.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$84.4K |
| NET CASH FROM FINANCING | -$84.4K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $19M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $41.6K |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $531.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $44M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $408.4K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $408.4K |
| TOTAL LIABILITIES | $14M |
| Common Stock | $31.1K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $44M |
| Total Debt | $12.1K |
| Net Debt | -$13M |
