| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $28M | $27M | 7.3% | 13.4% |
| Op. Income | -$927.0K | -$8M | -$3M | 87.9% | 71.1% |
| Gross Margin | 29.5% | 6.7% | 26.5% | 22.8pp | 3.1pp |
| Net Margin | 1.1% | -24.4% | -16.0% | 25.5pp | 17.1pp |
| EPS (Diluted) | $0.02 | $-0.36 | $-0.22 | 104.8% | 107.8% |
| Free Cash Flow | $1M | $8M | -$487.0K | -87.5% | 315.6% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $9M |
| R&D Expenses | $385.0K |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $10M |
| Other Expenses | -$519.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$927.0K |
| Interest Income | $741.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $981.0K |
| INCOME BEFORE TAX | $54.0K |
| Income Tax Expense | -$277.0K |
| Net Income from Continuing Ops | $331.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331.0K |
| D&A | $3M |
| EBIT | -$927.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $331.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $430.0K |
| Deferred Income Tax | -$459.0K |
| Other Non-Cash Items | -$535.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$371.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$367.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $15M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $118M |
| PP&E (Net) | $27M |
| Goodwill | $732.0K |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $602.0K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $152M |
| Account Payables | $4M |
| Short-Term Debt | $547.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $213.0K |
| Additional Paid-In Capital | $169M |
| Retained Earnings | -$20M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $131M |
| Minority Interest | $0 |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $152M |
| Total Debt | $4M |
| Net Debt | -$66M |
