| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $2M | 10.5% | 13.3% |
| Op. Income | -$451.0K | $193.8K | $57.4K | -332.8% | -885.8% |
| Gross Margin | 65.1% | 67.4% | 62.0% | -2.2pp | 3.2pp |
| Net Margin | -11.8% | 5.8% | 3.5% | -17.7pp | -15.3pp |
| EPS (Diluted) | $-0.11 | $0.10 | $0.06 | -214.5% | -290.3% |
| Free Cash Flow | -$530.3K | $773.2K | $209.6K | -168.6% | -353.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $978.8K |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $4.4K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $890.4K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$451.0K |
| Interest Income | $3M |
| Interest Expense | $883.8K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$451.0K |
| Income Tax Expense | -$119.1K |
| Net Income from Continuing Ops | -$332.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$332.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$332.0K |
| D&A | $81.6K |
| EBIT | -$451.0K |
| EBITDA | -$369.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$332.0K |
| Depreciation & Amortization | $81.6K |
| Stock-Based Compensation | $78.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $408.8K |
| Change in Working Capital | -$696.3K |
| OPERATING CASH FLOW | -$459.3K |
| Capital Expenditure | -$70.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $104.7K |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$37.7K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$530.3K |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $2M |
| Net Receivables | $667.7K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $205M |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $234M |
| TOTAL ASSETS | $239M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $175M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $193M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$485.9K |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $239M |
| Total Debt | $15M |
| Net Debt | $13M |
