| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $15M | 1.1% | -34.9% |
| Op. Income | $78.0K | $774.0K | $3M | -89.9% | -97.2% |
| Gross Margin | 38.5% | 44.4% | 42.1% | -5.9pp | -3.6pp |
| Net Margin | -2.8% | 0.6% | 13.5% | -3.4pp | -16.3pp |
| EPS (Diluted) | $-0.03 | $0.01 | $0.26 | -489.6% | -111.5% |
| Free Cash Flow | -$1M | $801.0K | $2M | -270.8% | -174.6% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $4M |
| R&D Expenses | $389.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $78.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $122.0K |
| INCOME BEFORE TAX | $200.0K |
| Income Tax Expense | $471.0K |
| Net Income from Continuing Ops | -$271.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$271.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$271.0K |
| D&A | $219.0K |
| EBIT | $78.0K |
| EBITDA | $297.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$271.0K |
| Depreciation & Amortization | $219.0K |
| Stock-Based Compensation | $714.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $121.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$151.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$151.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$337.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $11M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $302.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $49M |
| Account Payables | $1M |
| Short-Term Debt | $686.0K |
| Deferred Revenue | $320.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $406.0K |
| TOTAL LIABILITIES | $8M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $149M |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $1M |
| Net Debt | -$18M |
