| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | -3.6% | -4.5% |
| Op. Income | -$733.0K | -$313.0K | -$510.0K | -134.2% | -43.7% |
| Gross Margin | 39.9% | 41.8% | 39.6% | -2.0pp | 0.2pp |
| Net Margin | -20.1% | -11.4% | -13.8% | -8.8pp | -6.3pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $-0.05 | -16.4% | 23.7% |
| Free Cash Flow | -$375.0K | $650.0K | -$293.0K | -157.7% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $585.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$733.0K |
| Interest Income | $2.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$10.0K |
| INCOME BEFORE TAX | -$743.0K |
| Income Tax Expense | -$169.0K |
| Net Income from Continuing Ops | -$574.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$574.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$607.0K |
| D&A | $226.0K |
| EBIT | -$733.0K |
| EBITDA | -$507.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$574.0K |
| Depreciation & Amortization | $223.0K |
| Stock-Based Compensation | $7.0K |
| Deferred Income Tax | -$219.0K |
| Other Non-Cash Items | -$3.0K |
| Change in Working Capital | $210.0K |
| OPERATING CASH FLOW | -$356.0K |
| Capital Expenditure | -$19.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $102.0K |
| FREE CASH FLOW | -$375.0K |
| Net Change in Cash | -$263.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $236.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $1M |
| Goodwill | $3M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $202.0K |
| Other Non-Current Assets | $80.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $12M |
| Account Payables | $985.0K |
| Short-Term Debt | $324.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $330.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $361.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $854.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $406.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $817.0K |
| Net Debt | -$2M |
