| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $29M | $49M | 1.2% | -41.2% |
| Op. Income | -$3M | -$4M | $565.0K | 12.4% | -654.7% |
| Gross Margin | 40.0% | 43.5% | 38.1% | -3.5pp | 1.9pp |
| Net Margin | -9.1% | -13.6% | 0.8% | 4.4pp | -9.9pp |
| EPS (Diluted) | $-0.07 | $-0.10 | $0.01 | 32.2% | -768.3% |
| Free Cash Flow | $909.0K | $3M | $2M | -70.8% | -57.1% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $12M |
| R&D Expenses | $4M |
| Selling & Marketing | $682.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $107.0K |
| Other Income/Expenses | -$159.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$662.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$143.0K |
| Net Debt Issuance | -$847.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$810.0K |
| FREE CASH FLOW | $909.0K |
| Net Change in Cash | $99.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $26M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $11M |
| Goodwill | $31M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $624.0K |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $124M |
| Account Payables | $13M |
| Short-Term Debt | $3M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $663.0K |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $172.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $308M |
| Retained Earnings | -$234M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $21M |
| Net Debt | $1M |
