| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $7M | -16.0% | -10.0% |
| Op. Income | $4M | $4M | $4M | -11.0% | -13.8% |
| Gross Margin | 80.6% | 79.2% | 85.6% | 1.5pp | -5.0pp |
| Net Margin | 58.6% | 53.5% | 60.4% | 5.0pp | -1.8pp |
| EPS (Diluted) | $0.74 | $0.80 | $0.85 | -7.5% | -12.9% |
| Free Cash Flow | $4M | $2M | $5M | 73.0% | -16.3% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $5M |
| R&D Expenses | $720.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $418.6K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $4M |
| Interest Income | $498.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $499.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $706.5K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $85.4K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $5M |
| R&D Expenses | $720.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $418.6K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $4M |
| Interest Income | $498.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $499.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $706.5K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $85.4K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $85.4K |
| Stock-Based Compensation | $6.8K |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | -$94.5K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $13M |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $630.2K |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $32M |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $64M |
| Account Payables | $177.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $838.5K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.4K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $41M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61M |
| Minority Interest | $0 |
| TOTAL EQUITY | $61M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $892.3K |
| Net Debt | -$2M |
