| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | $114M | $112M | -4.7% | -2.7% |
| Op. Income | $3M | $4M | $762.0K | -8.7% | 352.9% |
| Gross Margin | 32.6% | 32.4% | 31.7% | 0.2pp | 0.9pp |
| Net Margin | -0.1% | 0.9% | 0.4% | -0.9pp | -0.5pp |
| EPS (Diluted) | $-0.01 | $0.22 | $0.16 | -106.3% | -108.7% |
| Free Cash Flow | $9M | $5M | $8M | 76.5% | 12.2% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $28M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $105M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$89.0K |
| Income Tax Expense | -$25.0K |
| Net Income from Continuing Ops | -$64.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64.0K |
| D&A | $5M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$64.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $51.0K |
| Deferred Income Tax | -$471.0K |
| Other Non-Cash Items | $344.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$723.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $118M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $148M |
| Goodwill | $61M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$10M |
| TOTAL NON-CURRENT ASSETS | $218M |
| TOTAL ASSETS | $389M |
| Account Payables | $27M |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $83M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $29M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $389M |
| Total Debt | $224M |
| Net Debt | $208M |
