| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | — | $10M | — | -4.7% |
| Op. Income | -$895.0K | — | $1M | — | -168.9% |
| Gross Margin | 5.5% | — | 23.0% | — | -17.4pp |
| Net Margin | -9.3% | — | 11.2% | — | -20.4pp |
| EPS (Diluted) | $-0.08 | — | $0.11 | — | -176.5% |
| Free Cash Flow | -$212.8K | — | -$311.4K | — | 31.7% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $509.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $69.8K |
| Operating Expenses | $1M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$895.0K |
| Interest Income | $0 |
| Interest Expense | $47.8K |
| Other Income/Expenses | -$47.8K |
| INCOME BEFORE TAX | -$942.8K |
| Income Tax Expense | $87.1K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$855.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$855.6K |
| D&A | $41.7K |
| EBIT | -$835.0K |
| EBITDA | -$793.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$855.6K |
| Depreciation & Amortization | $631.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$122.8K |
| Change in Working Capital | $163.1K |
| OPERATING CASH FLOW | -$183.9K |
| Capital Expenditure | -$28.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$212.8K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $748.7K |
| Short-Term Investments | $2M |
| Net Receivables | $5M |
| Inventory | $560.0K |
| Other Current Assets | $400 |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $593.7K |
| Goodwill | $0 |
| Intangible Assets | $96.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $690.2K |
| TOTAL ASSETS | $9M |
| Account Payables | $2M |
| Short-Term Debt | $371.6K |
| Deferred Revenue | $124.5K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $3M |
| Retained Earnings | $2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $2M |
| Net Debt | $2M |
