| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $25M | $35M | 23.6% | -13.3% |
| Op. Income | -$9M | $369.0K | $1M | -2595.1% | -880.9% |
| Gross Margin | 11.3% | 30.3% | 45.0% | -19.1pp | -33.7pp |
| Net Margin | -29.5% | 3.1% | -36.3% | -32.6pp | 6.8pp |
| EPS (Diluted) | $-0.71 | $0.06 | $-0.48 | -1295.3% | -47.9% |
| Free Cash Flow | -$6M | -$6M | -$2M | -11.2% | -216.1% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $3M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $45.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$9M |
| Interest Income | $562.0K |
| Interest Expense | $38.0K |
| Other Income/Expenses | $478.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $333.0K |
| 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 | $2M |
| EBIT | -$9M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $305.0K |
| Deferred Income Tax | -$15.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $239.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$398.0K |
| NET CASH FROM FINANCING | -$398.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $31M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $24M |
| Goodwill | $1M |
| Intangible Assets | $5M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $153M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | $46M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $153M |
| Total Debt | $974.0K |
| Net Debt | -$25M |
