| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $20M | $19M | -0.4% | 1.8% |
| Op. Income | $275.0K | $562.5K | $662.1K | -51.1% | -58.5% |
| Gross Margin | 31.9% | 31.7% | 33.5% | 0.1pp | -1.7pp |
| Net Margin | 0.2% | 1.5% | 1.9% | -1.3pp | -1.7pp |
| EPS (Diluted) | $0.01 | $0.04 | $0.05 | -84.7% | -88.6% |
| Free Cash Flow | $718.8K | -$2M | -$2M | 131.6% | 145.5% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $14.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $275.0K |
| Interest Income | $0 |
| Interest Expense | $233.0K |
| Other Income/Expenses | -$227.0K |
| INCOME BEFORE TAX | $48.0K |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | $49.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49.0K |
| D&A | $196.5K |
| EBIT | $281.0K |
| EBITDA | $477.5K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $14.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $275.0K |
| Interest Income | $0 |
| Interest Expense | $233.0K |
| Other Income/Expenses | -$227.0K |
| INCOME BEFORE TAX | $48.0K |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | $49.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49.0K |
| D&A | $196.5K |
| EBIT | $281.0K |
| EBITDA | $477.5K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $48.6K |
| Depreciation & Amortization | $196.5K |
| Stock-Based Compensation | $93.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19.7K |
| Change in Working Capital | $478.7K |
| OPERATING CASH FLOW | $797.3K |
| Capital Expenditure | -$78.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$83.6K |
| Net Debt Issuance | -$897.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$897.6K |
| FREE CASH FLOW | $718.8K |
| Net Change in Cash | -$183.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $238.0K |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $20M |
| Other Current Assets | $435.0K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $481.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $40M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $16M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $763.2K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $3M |
| Net Debt | $2M |
