| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $10M | $7M | 72.8% | 152.6% |
| Op. Income | $1M | -$6M | -$7M | 122.1% | 118.4% |
| Gross Margin | 50.3% | 26.3% | 40.8% | 24.0pp | 9.6pp |
| Net Margin | -8.3% | -65.8% | -168.9% | 57.5pp | 160.6pp |
| EPS (Diluted) | $-0.03 | $-0.14 | $0.46 | 77.7% | -106.8% |
| Free Cash Flow | $2M | -$6M | $526.0K | 141.9% | 369.0% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $9M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $40.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $862.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $862.0K |
| Stock-Based Compensation | $399.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $79.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$42.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1.0K |
| Sales/Maturities of Investments | $50.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $70.0K |
| Net Receivables | $15M |
| Inventory | $9M |
| Other Current Assets | $38.0K |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $4M |
| Goodwill | $13M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $64M |
| Account Payables | $8M |
| Short-Term Debt | $18M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $165.0K |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $0 |
| Additional Paid-In Capital | $127M |
| Retained Earnings | -$126M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $687.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $21M |
| Net Debt | $13M |
