| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | -0.7% | 7.0% |
| Op. Income | -$2M | -$2M | -$3M | -7.5% | 11.4% |
| Gross Margin | 1.8% | 4.2% | 1.9% | -2.4pp | -0.0pp |
| Net Margin | -100.0% | -96.3% | -120.0% | -3.7pp | 20.0pp |
| EPS (Diluted) | $-0.13 | $-0.19 | $-1.02 | 31.6% | 87.3% |
| Free Cash Flow | -$2M | -$2M | -$2M | 14.0% | 26.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $50.0K |
| R&D Expenses | $675.0K |
| Selling & Marketing | -$342.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $196.0K |
| Other Income/Expenses | -$270.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $16.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $16.0K |
| Stock-Based Compensation | $123.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $211.0K |
| Change in Working Capital | $556.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$16.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16.0K |
| Net Debt Issuance | -$390.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22.0K |
| Other Financing Activities | -$127.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$326.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $187.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $86.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $86.0K |
| TOTAL ASSETS | $3M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $562.0K |
| Other Current Liabilities | $901.0K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $0 |
| Additional Paid-In Capital | $117M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$70.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$11M |
| TOTAL LIABILITIES & EQUITY | $3M |
| Total Debt | $8M |
| Net Debt | $7M |
