| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $5M | 8.7% | 14.2% |
| Op. Income | -$2M | -$4M | -$5M | 43.9% | 49.6% |
| Gross Margin | 56.1% | 54.0% | 51.6% | 2.1pp | 4.5pp |
| Net Margin | -37.9% | -74.4% | -83.9% | 36.5pp | 46.0pp |
| EPS (Diluted) | $-0.09 | $-0.16 | $-0.17 | 45.6% | 48.8% |
| Free Cash Flow | -$2M | -$4M | -$7M | 53.5% | 76.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$2M |
| Interest Income | $64.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $52.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $154.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $154.0K |
| Stock-Based Compensation | $512.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $351.0K |
| Change in Working Capital | -$445.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$4.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $4M |
| Other Current Assets | $432.0K |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $10M |
| Goodwill | $8M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $206.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $43M |
| Account Payables | $991.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$87.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $43M |
| Total Debt | $10M |
| Net Debt | -$4M |
