| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $13M | $13M | -17.7% | -21.5% |
| Op. Income | -$1M | -$687.8K | -$310.1K | -108.5% | -362.5% |
| Gross Margin | 8.2% | 15.0% | 14.5% | -6.8pp | -6.2pp |
| Net Margin | -21.7% | -5.2% | -1.4% | -16.5pp | -20.2pp |
| EPS (Diluted) | $-0.64 | $-0.18 | $-0.05 | -255.6% | -1076.5% |
| Free Cash Flow | -$658.0K | -$2M | $4M | 60.2% | -117.3% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $853.4K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $80.2K |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$1M |
| Interest Income | -$31.1K |
| Interest Expense | -$74.1K |
| Other Income/Expenses | -$93.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $721.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $80.2K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $80.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $902.1K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $629.9K |
| OPERATING CASH FLOW | -$636.4K |
| Capital Expenditure | -$21.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21.6K |
| Net Debt Issuance | -$320.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$320.5K |
| FREE CASH FLOW | -$658.0K |
| Net Change in Cash | -$978.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226.2K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $16M |
| Other Current Assets | $566.0K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $111.4K |
| Long-Term Investments | $0 |
| Tax Assets | $3 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5M |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $852.5K |
| Retained Earnings | $19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $2M |
| Net Debt | $2M |
