| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $17M | $7M | 0.2% | 145.9% |
| Op. Income | -$352.0K | $1M | -$6M | -126.8% | 94.1% |
| Gross Margin | 48.0% | 50.3% | 45.8% | -2.4pp | 2.2pp |
| Net Margin | -4.8% | -8.3% | -58.8% | 3.5pp | 54.0pp |
| EPS (Diluted) | $-0.02 | $-0.03 | $-0.09 | 42.0% | 80.1% |
| Free Cash Flow | $7M | $2M | $878.0K | 191.9% | 720.0% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$352.0K |
| Interest Income | $7.0K |
| Interest Expense | $435.0K |
| Other Income/Expenses | -$340.0K |
| INCOME BEFORE TAX | -$692.0K |
| Income Tax Expense | $125.0K |
| Net Income from Continuing Ops | -$817.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$817.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$817.0K |
| D&A | $887.0K |
| EBIT | -$257.0K |
| EBITDA | $630.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$817.0K |
| Depreciation & Amortization | $887.0K |
| Stock-Based Compensation | $419.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$53.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $41.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $41.0K |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $30.0K |
| Net Receivables | $17M |
| Inventory | $9M |
| Other Current Assets | $154.0K |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $3M |
| Goodwill | $13M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $68M |
| Account Payables | $7M |
| Short-Term Debt | $14M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $285.0K |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $0 |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $692.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $17M |
| Net Debt | $7M |
