| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $10M | -2.1% | -14.3% |
| Op. Income | $3M | $3M | $4M | -13.6% | -32.0% |
| Gross Margin | 70.3% | 84.9% | 57.1% | -14.7pp | 13.1pp |
| Net Margin | 23.2% | 28.5% | 29.2% | -5.3pp | -6.0pp |
| EPS (Diluted) | $0.24 | $0.31 | $0.36 | -22.6% | -33.3% |
| Free Cash Flow | $601.0K | $4M | $2M | -83.4% | -71.6% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $1M |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $3M |
| Interest Income | $651.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $75.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $749.0K |
| 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 | $66.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $1M |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $3M |
| Interest Income | $651.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $75.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $749.0K |
| 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 | $66.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $66.0K |
| Stock-Based Compensation | $309.0K |
| Deferred Income Tax | $283.0K |
| Other Non-Cash Items | $395.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $661.0K |
| Capital Expenditure | -$60.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $601.0K |
| Net Change in Cash | -$464.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $12.0K |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $183.0K |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $160M |
| Account Payables | $0 |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $233.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $24M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $99M |
| Minority Interest | $0 |
| TOTAL EQUITY | $99M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $41M |
| Net Debt | -$31M |
