| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $12M | $13M | 17.9% | 16.0% |
| Op. Income | -$15.0K | -$1M | -$502.0K | 98.9% | 97.0% |
| Gross Margin | 38.3% | 32.1% | 44.0% | 6.1pp | -5.7pp |
| Net Margin | -1.2% | -12.6% | -6.6% | 11.4pp | 5.3pp |
| EPS (Diluted) | $-0.01 | $-0.09 | $-0.05 | 88.1% | 78.6% |
| Free Cash Flow | $565.0K | -$1M | -$1M | 148.2% | 145.3% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $6M |
| R&D Expenses | $949.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $158.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$15.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$149.0K |
| INCOME BEFORE TAX | -$164.0K |
| Income Tax Expense | $20.0K |
| Net Income from Continuing Ops | -$184.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$184.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$184.0K |
| D&A | $422.0K |
| EBIT | -$15.0K |
| EBITDA | $407.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$184.0K |
| Depreciation & Amortization | $422.0K |
| Stock-Based Compensation | $213.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30.0K |
| Change in Working Capital | $108.0K |
| OPERATING CASH FLOW | $589.0K |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$82.0K |
| NET CASH FROM INVESTING | -$106.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$27.0K |
| FREE CASH FLOW | $565.0K |
| Net Change in Cash | $455.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $826.0K |
| Goodwill | $965.0K |
| Intangible Assets | $984.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $29M |
| Account Payables | $6M |
| Short-Term Debt | $699.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $387.0K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $174.0K |
| Additional Paid-In Capital | $91M |
| Retained Earnings | -$92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $5M |
| Net Debt | -$1M |
