| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $59M | $31M | -20.7% | 48.6% |
| Op. Income | -$2M | $868.9K | -$8M | -387.5% | 69.8% |
| Gross Margin | 36.7% | 39.8% | 32.3% | -3.0pp | 4.4pp |
| Net Margin | 31.4% | -47.4% | -53.7% | 78.8pp | 85.2pp |
| EPS (Diluted) | $0.11 | $-0.20 | $-0.15 | 153.6% | 175.0% |
| Free Cash Flow | -$13M | -$290.7K | -$4M | -4389.6% | -207.1% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $17M |
| R&D Expenses | $2M |
| Selling & Marketing | $7M |
| General & Administrative | $10M |
| SG&A Expenses | $16M |
| Other Expenses | $2M |
| Operating Expenses | $20M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$2M |
| Interest Income | $67.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $4M |
| EBIT | -$2M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$584.1K |
| Sales/Maturities of Investments | $603.1K |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$11.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$322.0K |
| NET CASH FROM FINANCING | -$328.6K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $587.8K |
| Net Receivables | $36M |
| Inventory | $97M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $187M |
| PP&E (Net) | $90M |
| Goodwill | $38M |
| Intangible Assets | $34M |
| Long-Term Investments | $36M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $200M |
| TOTAL ASSETS | $387M |
| Account Payables | $52M |
| Short-Term Debt | $691.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $673M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$430M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $270M |
| Minority Interest | $0 |
| TOTAL EQUITY | $270M |
| TOTAL LIABILITIES & EQUITY | $387M |
| Total Debt | $12M |
| Net Debt | -$34M |
