| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $8M | $11M | -24.9% | -44.9% |
| Op. Income | -$2M | -$330.4K | -$3M | -387.4% | 49.3% |
| Gross Margin | 48.3% | 48.6% | 37.8% | -0.3pp | 10.5pp |
| Net Margin | -19.3% | 1.8% | -42.0% | -21.1pp | 22.8pp |
| EPS (Diluted) | $-0.06 | $0.01 | $-0.27 | -911.2% | 76.0% |
| Free Cash Flow | -$154.6K | $1M | -$3M | -112.7% | 94.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $100.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $225.3K |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $1.3K |
| Other Income/Expenses | $442.7K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $176.1K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $157.7K |
| Stock-Based Compensation | $407.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108.4K |
| Change in Working Capital | $489.3K |
| OPERATING CASH FLOW | -$5.2K |
| Capital Expenditure | -$149.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$255.7K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$307.3K |
| NET CASH FROM FINANCING | -$239.7K |
| FREE CASH FLOW | -$154.6K |
| Net Change in Cash | -$504.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $839.5K |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $17.1K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $58M |
| Account Payables | $779.4K |
| Short-Term Debt | $9.1K |
| Deferred Revenue | $5M |
| Other Current Liabilities | $280.8K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $451.2K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $451.2K |
| TOTAL LIABILITIES | $9M |
| Common Stock | $1.8K |
| Additional Paid-In Capital | $156M |
| Retained Earnings | -$104M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$53.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $9.1K |
| Net Debt | -$51M |
