| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | — | $7M | — | 224.0% |
| Op. Income | $10M | — | -$708.3K | — | 1457.7% |
| Gross Margin | 78.6% | — | 22.7% | — | 55.9pp |
| Net Margin | -2732.2% | — | -10.7% | — | -2721.5pp |
| EPS (Diluted) | $-5.91 | — | $-0.64 | — | -823.4% |
| Free Cash Flow | -$8M | -$3M | -$415.6K | -193.8% | -1808.1% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $535.4K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $3M |
| Operating Expenses | $7M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $10M |
| Interest Income | $676.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$593M |
| INCOME BEFORE TAX | -$583M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$586M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$586M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$586M |
| D&A | $25.6K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$586M |
| Depreciation & Amortization | $25.6K |
| Stock-Based Compensation | $17.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $577M |
| Change in Working Capital | $884.5K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$229.7K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$846.9K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$373.5K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$13M |
