| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $7M | 1.2% | 9.2% |
| Op. Income | $1M | -$206.0K | -$705.0K | 765.5% | 294.5% |
| Gross Margin | 56.5% | 53.3% | 49.2% | 3.2pp | 7.3pp |
| Net Margin | -1.2% | 5.3% | -20.6% | -6.4pp | 19.4pp |
| EPS (Diluted) | $-0.02 | $0.08 | $-0.32 | -125.5% | 93.6% |
| Free Cash Flow | -$699.0K | $640.0K | -$2M | -209.2% | 63.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | -$272.0K |
| General & Administrative | -$8M |
| SG&A Expenses | -$8M |
| Other Expenses | $13M |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $1M |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$112.0K |
| Income Tax Expense | -$25.0K |
| Net Income from Continuing Ops | -$87.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87.0K |
| D&A | -$239.0K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$87.0K |
| Depreciation & Amortization | $465.0K |
| Stock-Based Compensation | $109.0K |
| Deferred Income Tax | -$83.0K |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$634.0K |
| Capital Expenditure | -$65.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $563.0K |
| Common Stock Repurchased | -$46.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$699.0K |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $152M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $324.0K |
| Long-Term Investments | $416M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $431M |
| TOTAL ASSETS | $599M |
| Account Payables | $0 |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$811.0K |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $847.0K |
| Other Non-Current Liabilities | $478M |
| TOTAL NON-CURRENT LIABILITIES | $486M |
| TOTAL LIABILITIES | $536M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $55M |
| Retained Earnings | $24M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $599M |
| Total Debt | $58M |
| Net Debt | $44M |
