| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $129M | $115M | 4.3% | 17.7% |
| Op. Income | $7M | $6M | -$1M | 20.4% | 603.8% |
| Gross Margin | 9.3% | 13.4% | 8.7% | -4.1pp | 0.6pp |
| Net Margin | 3.7% | 4.1% | 2.2% | -0.4pp | 1.5pp |
| EPS (Diluted) | $0.71 | $0.76 | $0.37 | -6.6% | 91.9% |
| Free Cash Flow | $14M | -$13M | -$7M | 207.2% | 292.7% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $678.0K |
| Other Income/Expenses | -$398.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $847.0K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $678.0K |
| Other Income/Expenses | -$398.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $847.0K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $847.0K |
| Stock-Based Compensation | $123.0K |
| Deferred Income Tax | -$26.0K |
| Other Non-Cash Items | $124.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$10.0K |
| Common Dividends Paid | -$282.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $103M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $219M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $118.0K |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $9M |
| Additional Paid-In Capital | $35M |
| Retained Earnings | $106M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $137M |
| Minority Interest | $0 |
| TOTAL EQUITY | $137M |
| TOTAL LIABILITIES & EQUITY | $219M |
| Total Debt | $36M |
| Net Debt | $34M |
