| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $5M | 65.9% | 31.7% |
| Op. Income | -$556.8K | -$1M | $737.1K | 48.2% | -175.5% |
| Gross Margin | 28.3% | 18.8% | 21.5% | 9.5pp | 6.8pp |
| Net Margin | -14.2% | -28.2% | 0.0% | 14.0pp | -14.2pp |
| EPS (Diluted) | $-0.11 | $-0.14 | $0.00 | 21.4% | -36766.7% |
| Free Cash Flow | -$522.1K | -$159.7K | -$215.3K | -226.8% | -142.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $116.5K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$72.6K |
| Operating Expenses | $2M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$556.8K |
| Interest Income | $0 |
| Interest Expense | $248.1K |
| Other Income/Expenses | -$142.7K |
| INCOME BEFORE TAX | -$699.4K |
| Income Tax Expense | $193.7K |
| Net Income from Continuing Ops | -$893.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$893.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$893.1K |
| D&A | $79.6K |
| EBIT | -$451.4K |
| EBITDA | -$371.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$893.1K |
| Depreciation & Amortization | $79.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $682.4K |
| Change in Working Capital | -$352.7K |
| OPERATING CASH FLOW | -$483.7K |
| Capital Expenditure | -$38.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $577.3K |
| NET CASH FROM INVESTING | $538.9K |
| Net Debt Issuance | $690.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$522.1K |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $96.5K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $365.4K |
| Long-Term Investments | $15.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $103.9K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $14M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $405.5K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $184.6K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $83.1K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $6M |
| Net Debt | $1M |
