| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $35M | $32M | 34.3% | 50.0% |
| Op. Income | $823.0K | $2M | $563.0K | -51.6% | 46.2% |
| Gross Margin | 23.6% | 24.9% | 22.6% | -1.4pp | 1.0pp |
| Net Margin | 1.1% | 3.6% | 1.3% | -2.5pp | -0.2pp |
| EPS (Diluted) | $0.01 | $0.03 | $0.01 | -59.8% | 29.0% |
| Free Cash Flow | $4M | -$2M | $3M | 268.1% | 45.8% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $11M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $823.0K |
| Interest Income | $79.0K |
| Interest Expense | $176.0K |
| Other Income/Expenses | -$97.0K |
| INCOME BEFORE TAX | $726.0K |
| Income Tax Expense | $186.0K |
| Net Income from Continuing Ops | $540.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $540.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $540.0K |
| D&A | $2M |
| EBIT | $823.0K |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $11M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $823.0K |
| Interest Income | $79.0K |
| Interest Expense | $176.0K |
| Other Income/Expenses | -$97.0K |
| INCOME BEFORE TAX | $726.0K |
| Income Tax Expense | $186.0K |
| Net Income from Continuing Ops | $540.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $540.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $540.0K |
| D&A | $2M |
| EBIT | $823.0K |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $540.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $533.0K |
| Deferred Income Tax | -$109.0K |
| Other Non-Cash Items | -$50.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$194.0K |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $10M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $29M |
| Goodwill | $9M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $625.0K |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $84M |
| Account Payables | $12M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $0 |
| Additional Paid-In Capital | $47M |
| Retained Earnings | $3M |
| Treasury Stock | -$150.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $84M |
| Total Debt | $23M |
| Net Debt | $5M |
