| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $24M | $15M | -7.9% | 44.6% |
| Op. Income | $8M | $4M | $4M | 134.2% | 88.5% |
| Gross Margin | 63.2% | 35.5% | 55.4% | 27.6pp | 7.7pp |
| Net Margin | 32.0% | 10.1% | 20.7% | 21.8pp | 11.3pp |
| EPS (Diluted) | $0.39 | $0.14 | $0.18 | 178.6% | 116.7% |
| Free Cash Flow | $2M | $4M | $299.5K | -44.3% | 554.5% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $14M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $8M |
| Interest Income | $4.4K |
| Interest Expense | $503.3K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $908.7K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $14M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $8M |
| Interest Income | $4.4K |
| Interest Expense | $503.3K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $908.7K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $908.7K |
| Stock-Based Compensation | $702.4K |
| Deferred Income Tax | -$303.2K |
| Other Non-Cash Items | $40.3K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$984.6K |
| NET CASH FROM FINANCING | $131.9K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $26M |
| Other Current Assets | $134.8K |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $19M |
| Goodwill | $7M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $157.9K |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $103M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $396.5K |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $17.6K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $28M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $103M |
| Total Debt | $24M |
| Net Debt | $21M |
