| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $19M | 4.6% | -36.8% |
| Op. Income | -$2M | -$4M | -$3M | 52.0% | 38.3% |
| Gross Margin | 40.0% | 43.0% | 44.7% | -3.0pp | -4.7pp |
| Net Margin | -4.4% | -24.5% | -10.7% | 20.1pp | 6.2pp |
| EPS (Diluted) | $-0.51 | $-2.68 | $-1.94 | 81.0% | 73.7% |
| Free Cash Flow | $1M | -$242.6K | -$874.1K | 554.7% | 226.2% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $1M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $61.7K |
| Other Income/Expenses | $697.9K |
| INCOME BEFORE TAX | -$997.2K |
| Income Tax Expense | -$463.6K |
| Net Income from Continuing Ops | -$533.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$533.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$533.6K |
| D&A | $510.6K |
| EBIT | -$935.5K |
| EBITDA | -$424.9K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$533.6K |
| Depreciation & Amortization | $510.6K |
| Stock-Based Compensation | $150.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $147.8K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$583.6K |
| Acquisitions (Net) | -$453.6K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $904.0K |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $4M |
| Goodwill | $3M |
| Intangible Assets | $3M |
| Long-Term Investments | $678.7K |
| Tax Assets | $5M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $29M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $197.5K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $812.5K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $34M |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $65.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | -$47.5K |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $6M |
| Net Debt | $5M |
