| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $30M | $29M | -0.6% | 5.9% |
| Op. Income | $901.0K | $945.0K | -$1M | -4.7% | 173.4% |
| Gross Margin | 16.7% | 16.5% | 9.9% | 0.2pp | 6.9pp |
| Net Margin | 3.0% | -0.5% | -5.2% | 3.4pp | 8.1pp |
| EPS (Diluted) | $0.32 | $-0.05 | $-0.54 | 740.0% | 159.3% |
| Free Cash Flow | $5M | -$242.0K | $503.0K | 2144.2% | 883.5% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $5M |
| R&D Expenses | $278.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $901.0K |
| Interest Income | $0 |
| Interest Expense | $220.0K |
| Other Income/Expenses | -$220.0K |
| INCOME BEFORE TAX | $681.0K |
| Income Tax Expense | -$216.0K |
| Net Income from Continuing Ops | $897.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $897.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $897.0K |
| D&A | $302.0K |
| EBIT | $901.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $5M |
| R&D Expenses | $278.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $901.0K |
| Interest Income | $0 |
| Interest Expense | $220.0K |
| Other Income/Expenses | -$220.0K |
| INCOME BEFORE TAX | $681.0K |
| Income Tax Expense | -$216.0K |
| Net Income from Continuing Ops | $897.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $897.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $897.0K |
| D&A | $302.0K |
| EBIT | $901.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $897.0K |
| Depreciation & Amortization | $289.0K |
| Stock-Based Compensation | $134.0K |
| Deferred Income Tax | -$369.0K |
| Other Non-Cash Items | $43.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$661.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $517.0K |
| NET CASH FROM INVESTING | -$144.0K |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $384.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $21M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $156.0K |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $72M |
| Account Payables | $13M |
| Short-Term Debt | $9M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $360.0K |
| Other Non-Current Liabilities | $66.0K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$709.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $72M |
| Total Debt | $16M |
| Net Debt | $14M |
