| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $758.0K | $430.0K | $2M | 76.3% | -57.5% |
| Op. Income | -$12M | -$9M | -$7M | -29.2% | -62.3% |
| Gross Margin | -162.7% | -244.2% | 32.3% | 81.5pp | -194.9pp |
| Net Margin | -1189.6% | -3220.7% | -278.5% | 2031.1pp | -911.0pp |
| EPS (Diluted) | $-0.16 | $-0.25 | $-0.11 | 36.0% | -45.5% |
| Free Cash Flow | -$8M | -$8M | -$3M | -8.9% | -223.5% |
| Item | Amount |
|---|---|
| REVENUE | $758.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $580.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $425.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $425.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $530.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $391.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $590.0K |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $947.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $381.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $16M |
| Account Payables | $628.0K |
| Short-Term Debt | $686.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $41.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $99M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$605M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $521M |
| TOTAL STOCKHOLDERS' EQUITY | -$83M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$83M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $727.0K |
| Net Debt | $137.0K |
