| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $908.9K | $872.5K | $1M | 4.2% | -39.3% |
| Op. Income | -$2M | -$2M | -$1M | -15.4% | -68.1% |
| Gross Margin | 60.5% | 58.4% | 81.9% | 2.1pp | -21.4pp |
| Net Margin | -279.9% | -219.1% | -401.5% | -60.8pp | 121.6pp |
| EPS (Diluted) | $-0.48 | $-0.72 | $-3.45 | 33.3% | 86.1% |
| Free Cash Flow | -$2M | -$3M | -$3M | 11.3% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $908.9K |
| Cost of Revenue | $358.9K |
| GROSS PROFIT | $549.9K |
| R&D Expenses | $647.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $200.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | -$2.6K |
| Other Income/Expenses | -$327.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $13.8K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$159.0K |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $200.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $200.0K |
| Stock-Based Compensation | $370.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $582.2K |
| Change in Working Capital | -$279.3K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$630.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$257.7K |
| NET CASH FROM INVESTING | -$265.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$4.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $669.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $938.4K |
| Inventory | $0 |
| Other Current Assets | $51.9K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $160.8K |
| Goodwill | $1M |
| Intangible Assets | $181.0K |
| Long-Term Investments | $444.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $11M |
| Account Payables | $146.2K |
| Short-Term Debt | $56.9K |
| Deferred Revenue | $71.3K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $952.5K |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $251.5K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $2M |
| Common Stock | $52.5K |
| Additional Paid-In Capital | $78M |
| Retained Earnings | -$70M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $161.4K |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $1M |
| Net Debt | -$5M |
