| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $843.9K | $872.3K | 31.7% | 27.5% |
| Op. Income | -$3M | -$3M | -$3M | 5.5% | -7.6% |
| Gross Margin | 19.3% | 39.8% | 39.8% | -20.4pp | -20.4pp |
| Net Margin | -268.3% | -366.1% | -307.9% | 97.8pp | 39.6pp |
| EPS (Diluted) | $-3.50 | $-4.40 | $-7.00 | 20.5% | 50.0% |
| Free Cash Flow | -$3M | -$2M | -$2M | -20.6% | -22.2% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $896.9K |
| GROSS PROFIT | $214.9K |
| R&D Expenses | $486.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $8.5K |
| Interest Expense | $3.9K |
| Other Income/Expenses | -$63.9K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $303.4K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $303.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $409.7K |
| Change in Working Capital | -$576.9K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$70.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$70.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $640.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $628.2K |
| Other Current Assets | $554.2K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $10M |
| Account Payables | $4M |
| Short-Term Debt | $139.8K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $567.1K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $69M |
| Retained Earnings | -$66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$279.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | -$194.3K |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $2M |
| Net Debt | $291.7K |
