| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $10M | $9M | -16.6% | -6.6% |
| Op. Income | -$4M | -$1M | -$858.1K | -163.9% | -341.0% |
| Gross Margin | -12.5% | 8.2% | -0.5% | -20.7pp | -11.9pp |
| Net Margin | -45.6% | -21.7% | -7.1% | -23.9pp | -38.5pp |
| EPS (Diluted) | $-1.12 | $-0.64 | $-0.19 | -75.0% | -489.5% |
| Free Cash Flow | -$1M | -$658.0K | -$2M | -100.8% | 27.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $1M |
| Operating Expenses | $3M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | -$129.1K |
| Other Income/Expenses | -$129.1K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $30.4K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $77.6K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $77.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3 |
| Other Non-Cash Items | -$255.1K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $810.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $14M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $111.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $23M |
| Account Payables | $1M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $852.5K |
| Retained Earnings | $15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $4M |
| Net Debt | $3M |
