| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $47M | $34M | 14.2% | 60.7% |
| Op. Income | $3M | $823.0K | $2M | 265.9% | 56.1% |
| Gross Margin | 25.8% | 23.6% | 27.0% | 2.3pp | -1.2pp |
| Net Margin | 4.1% | 1.1% | 4.8% | 3.0pp | -0.6pp |
| EPS (Diluted) | $0.05 | $0.01 | $0.04 | 314.7% | 33.8% |
| Free Cash Flow | $3M | $4M | -$930.0K | -23.4% | 402.6% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $14M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $3M |
| Interest Income | $77.0K |
| Interest Expense | $125.0K |
| Other Income/Expenses | -$48.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $731.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $642.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $14M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $3M |
| Interest Income | $77.0K |
| Interest Expense | $125.0K |
| Other Income/Expenses | -$48.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $731.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $642.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $790.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$642.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$407.0K |
| Acquisitions (Net) | $189.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$218.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $10M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $28M |
| Goodwill | $9M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $86M |
| Account Payables | $11M |
| Short-Term Debt | $960.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $813.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $0 |
| Additional Paid-In Capital | $47M |
| Retained Earnings | $5M |
| Treasury Stock | -$150.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $93M |
| Total Debt | $14M |
| Net Debt | -$5M |
