| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $2M | -24.6% | -11.6% |
| Op. Income | -$3M | -$2M | -$2M | -33.3% | -49.7% |
| Gross Margin | 74.4% | 76.6% | 74.9% | -2.2pp | -0.5pp |
| Net Margin | -190.6% | -106.5% | -116.8% | -84.0pp | -73.8pp |
| EPS (Diluted) | $-0.14 | $-0.10 | $-0.32 | -40.0% | 56.3% |
| Free Cash Flow | -$895.0K | -$4M | -$936.0K | 76.2% | 4.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $380.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $1M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $14.0K |
| Other Income/Expenses | $24.0K |
| 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 | $0 |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $406.0K |
| Stock-Based Compensation | $277.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $125.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$531.0K |
| Capital Expenditure | -$364.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $4M |
| Sales/Maturities of Investments | -$2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$24.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8.0K |
| FREE CASH FLOW | -$895.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $131.0K |
| Inventory | $0 |
| Other Current Assets | $476.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $257.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $10M |
| Account Payables | $492.0K |
| Short-Term Debt | $433.0K |
| Deferred Revenue | $503.0K |
| Other Current Liabilities | $357.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $201.0K |
| Additional Paid-In Capital | $135M |
| Retained Earnings | -$127M |
| Treasury Stock | -$362.0K |
| Accum. Other Comp. Income | -$43.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $2M |
| Net Debt | -$2M |
