| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $18M | $1M | -25.1% | 898.9% |
| Op. Income | -$986.0K | -$62.0K | -$825.0K | -1490.3% | -19.5% |
| Gross Margin | 1.7% | 5.3% | 11.6% | -3.6pp | -9.8pp |
| Net Margin | -9.0% | 1.3% | -42.3% | -10.3pp | 33.3pp |
| EPS (Diluted) | $-0.15 | $0.03 | $-0.08 | -587.0% | -93.1% |
| Free Cash Flow | $248.0K | $383.0K | $162.0K | -35.2% | 53.1% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $229.0K |
| R&D Expenses | $362.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $853.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$986.0K |
| Interest Income | $0 |
| Interest Expense | $11.0K |
| Other Income/Expenses | -$208.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $205.0K |
| EBIT | -$1M |
| EBITDA | -$978.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $205.0K |
| Stock-Based Compensation | $10.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $62.0K |
| OPERATING CASH FLOW | $272.0K |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3.0K |
| NET CASH FROM INVESTING | -$24.0K |
| Net Debt Issuance | -$120.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$120.0K |
| FREE CASH FLOW | $248.0K |
| Net Change in Cash | $148.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $5M |
| Other Current Assets | $345.0K |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $100.0K |
| Long-Term Investments | $242.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $16M |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $434.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $0 |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$190M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $4M |
| Net Debt | $1M |
