| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $272.3K | 61.6% | 906.6% |
| Op. Income | -$1M | -$2M | -$3M | 27.3% | 51.3% |
| Gross Margin | 55.8% | 53.9% | 51.8% | 1.8pp | 4.0pp |
| Net Margin | -59.1% | -88.5% | -1230.6% | 29.4pp | 1171.5pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $0.34 | -42.1% | -112.9% |
| Free Cash Flow | -$2M | -$2M | -$3M | -1.9% | 43.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | -$334.1K |
| Other Income/Expenses | -$248.2K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $64.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $64.3K |
| Stock-Based Compensation | $358.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $345.7K |
| Change in Working Capital | -$675.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$10.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $67.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $22.9K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $514.4K |
| Goodwill | $0 |
| Intangible Assets | $44.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $559.4K |
| TOTAL ASSETS | $11M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $86M |
| Retained Earnings | -$79M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $266.8K |
| Net Debt | -$6M |
