| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $62M | $58M | -4.2% | 2.4% |
| Op. Income | $3M | $1M | $6M | 108.6% | -45.1% |
| Gross Margin | 54.6% | 61.8% | 64.0% | -7.2pp | -9.5pp |
| Net Margin | 8.0% | -11.4% | 5.8% | 19.4pp | 2.1pp |
| EPS (Diluted) | $0.85 | $-1.31 | $0.62 | 164.9% | 37.1% |
| Free Cash Flow | $884.0K | $12M | $10M | -92.4% | -90.7% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $32M |
| R&D Expenses | $5M |
| Selling & Marketing | $11M |
| General & Administrative | $18M |
| SG&A Expenses | $29M |
| Other Expenses | -$4M |
| Operating Expenses | $29M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $32M |
| R&D Expenses | $5M |
| Selling & Marketing | $11M |
| General & Administrative | $18M |
| SG&A Expenses | $29M |
| Other Expenses | -$4M |
| Operating Expenses | $29M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$873.0K |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $884.0K |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $28M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $32M |
| Goodwill | $188M |
| Intangible Assets | $97M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $436M |
| Account Payables | $6M |
| Short-Term Debt | $102M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $80M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $263M |
| Common Stock | $361M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $172M |
| Minority Interest | $0 |
| TOTAL EQUITY | $172M |
| TOTAL LIABILITIES & EQUITY | $436M |
| Total Debt | $198M |
| Net Debt | $176M |
