| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $850.0K | $875.0K | 50.5% | 46.2% |
| Op. Income | -$4M | -$18M | -$5M | 76.5% | 6.8% |
| Gross Margin | 46.9% | 32.6% | 47.7% | 14.3pp | -0.7pp |
| Net Margin | -332.0% | -454.0% | -511.9% | 122.0pp | 179.9pp |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.08 | 3.5% | 27.7% |
| Free Cash Flow | -$5M | -$3M | -$4M | -102.1% | -30.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $679.0K |
| GROSS PROFIT | $600.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $30.0K |
| Other Income/Expenses | -$30.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $71.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $71.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$316.4K |
| Change in Working Capital | -$974.9K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$5.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74.9K |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $331.0K |
| Inventory | $3M |
| Other Current Assets | $1.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $51.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $14M |
| Account Payables | $863.0K |
| Short-Term Debt | $204.0K |
| Deferred Revenue | $255.0K |
| Other Current Liabilities | $843.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $0 |
| Additional Paid-In Capital | $129M |
| Retained Earnings | -$120M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $217.0K |
| Net Debt | -$9M |
