| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $55M | $47M | -13.7% | 0.7% |
| Op. Income | $2M | $2M | $3M | 5.6% | -11.8% |
| Gross Margin | 79.5% | 79.9% | 79.9% | -0.4pp | -0.4pp |
| Net Margin | 4.5% | 3.6% | 3.9% | 1.0pp | 0.7pp |
| EPS (Diluted) | $0.17 | $0.15 | $0.14 | 13.3% | 21.4% |
| Free Cash Flow | -$3M | $835.0K | -$932.0K | -428.6% | -194.4% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $21M |
| Operating Expenses | $36M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $2M |
| Interest Income | $87.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$27.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $86.0K |
| 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 | $610.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $21M |
| Operating Expenses | $36M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $2M |
| Interest Income | $87.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$27.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $86.0K |
| 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 | $610.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $610.0K |
| Stock-Based Compensation | $826.0K |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $357.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$439.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$439.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$571.0K |
| Other Financing Activities | -$12.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $21M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $245.0K |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $636.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $62M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $283.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $11M |
| Net Debt | -$2M |
