| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $136M | $108M | 3.8% | 30.9% |
| Op. Income | -$3M | -$8M | -$20M | 64.4% | 85.6% |
| Gross Margin | 36.6% | 36.2% | 29.9% | 0.4pp | 6.7pp |
| Net Margin | -2.3% | -21.4% | -14.2% | 19.1pp | 11.9pp |
| EPS (Diluted) | $-0.32 | $-2.83 | $-1.49 | 88.7% | 78.5% |
| Free Cash Flow | -$43M | $19M | -$41M | -321.9% | -4.2% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $52M |
| R&D Expenses | $8M |
| Selling & Marketing | $34M |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $55M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$3M |
| Interest Income | $1M |
| Interest Expense | $57.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $5M |
| EBIT | -$1M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $806.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $28.0K |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$80.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $184M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $409M |
| PP&E (Net) | $138M |
| Goodwill | $11M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $191M |
| TOTAL ASSETS | $600M |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $525.0K |
| Additional Paid-In Capital | $93M |
| Retained Earnings | $315M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $414M |
| Minority Interest | $0 |
| TOTAL EQUITY | $414M |
| TOTAL LIABILITIES & EQUITY | $600M |
| Total Debt | $47M |
| Net Debt | -$84M |
