| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $29M | — | 6.6% | — |
| Op. Income | $2M | -$2M | — | 179.0% | — |
| Gross Margin | 20.8% | 20.7% | — | 0.1pp | — |
| Net Margin | 0.5% | 4.3% | — | -3.9pp | — |
| EPS (Diluted) | $0.00 | $0.01 | — | -90.9% | — |
| Free Cash Flow | -$30M | -$90M | — | 67.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $692.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | -$5M |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $265.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $142.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142.0K |
| D&A | $16M |
| EBIT | $15M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $692.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | -$5M |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $265.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $142.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142.0K |
| D&A | $16M |
| EBIT | $15M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $142.0K |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $668.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $24M |
| Net Receivables | $15M |
| Inventory | $181M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $208M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $532M |
| Account Payables | $12M |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $760.0K |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $0 |
| Additional Paid-In Capital | $717M |
| Retained Earnings | -$274M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $449M |
| Minority Interest | $0 |
| TOTAL EQUITY | $449M |
| TOTAL LIABILITIES & EQUITY | $532M |
| Total Debt | $55M |
| Net Debt | $32M |
