Reported November 7, 2025
| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | — | — | — | — |
| Op. Income | $4M | — | — | — | — |
| Gross Margin | 41.6% | — | — | — | — |
| Net Margin | -21.2% | — | — | — | — |
| EPS (Diluted) | $-0.13 | — | — | — | — |
| Free Cash Flow | $22M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $15M |
| Operating Expenses | $21M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $4M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $7M |
| EBIT | -$8M |
| EBITDA | -$823.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$900.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$900.8K |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $3M |
| Net Receivables | $75M |
| Inventory | $107M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $239M |
| PP&E (Net) | $108M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $368M |
| Tax Assets | $37M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $531M |
| TOTAL ASSETS | $771M |
| Account Payables | $27M |
| Short-Term Debt | $89M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $105M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $347M |
| Common Stock | $320M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $96M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $424M |
| Minority Interest | $0 |
| TOTAL EQUITY | $424M |
| TOTAL LIABILITIES & EQUITY | $771M |
| Total Debt | $267M |
| Net Debt | $223M |