| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $24M | $21M | 16.0% | 30.8% |
| Op. Income | $767.9K | -$1M | $2M | 170.1% | -54.7% |
| Gross Margin | 7.7% | 12.2% | 23.2% | -4.5pp | -15.6pp |
| Net Margin | 2.9% | -5.0% | 5.9% | 8.0pp | -3.0pp |
| EPS (Diluted) | $0.14 | $-0.21 | $0.22 | 166.7% | -36.4% |
| Free Cash Flow | -$77.9K | -$4M | $185.7K | 97.9% | -141.9% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $767.9K |
| Interest Income | $0 |
| Interest Expense | $99.3K |
| Other Income/Expenses | -$89.4K |
| INCOME BEFORE TAX | $678.5K |
| Income Tax Expense | -$133.1K |
| Net Income from Continuing Ops | $811.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $811.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811.5K |
| D&A | $409.4K |
| EBIT | $777.8K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $767.9K |
| Interest Income | $0 |
| Interest Expense | $99.3K |
| Other Income/Expenses | -$89.4K |
| INCOME BEFORE TAX | $678.5K |
| Income Tax Expense | -$133.1K |
| Net Income from Continuing Ops | $811.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $811.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811.5K |
| D&A | $409.4K |
| EBIT | $777.8K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $811.5K |
| Depreciation & Amortization | $409.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $678.2K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $377.7K |
| Capital Expenditure | -$455.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$455.6K |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$200.0K |
| FREE CASH FLOW | -$77.9K |
| Net Change in Cash | -$277.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $701.9K |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $20M |
| Other Current Assets | $594.4K |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $450.8K |
| Long-Term Investments | $39.7K |
| Tax Assets | $229.9K |
| Other Non-Current Assets | $339.9K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $42M |
| Account Payables | $2M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $129.6K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $6.6K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $13M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $8M |
| Net Debt | $8M |
