| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $52M | $33M | 13.1% | 79.1% |
| Op. Income | $868.9K | -$2M | $206.8K | 156.5% | 320.1% |
| Gross Margin | 39.8% | 36.9% | 38.5% | 2.8pp | 1.3pp |
| Net Margin | -47.4% | -8.9% | -12.2% | -38.5pp | -35.3pp |
| EPS (Diluted) | $-0.20 | $-0.03 | $-0.04 | -495.7% | -458.9% |
| Free Cash Flow | -$290.7K | $4M | $5M | -108.0% | -105.7% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $23M |
| R&D Expenses | $2M |
| Selling & Marketing | $7M |
| General & Administrative | $12M |
| SG&A Expenses | $18M |
| Other Expenses | $2M |
| Operating Expenses | $22M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $868.9K |
| Interest Income | $38.3K |
| Interest Expense | $0 |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $4M |
| EBIT | $868.9K |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $692.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$691.6K |
| Capital Expenditure | $400.9K |
| Acquisitions (Net) | -$529.8K |
| Purchases of Investments | -$96.5K |
| Sales/Maturities of Investments | $142.5K |
| Other Investing Activities | -$32.6K |
| NET CASH FROM INVESTING | $42.0K |
| Net Debt Issuance | -$7.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$288.6K |
| NET CASH FROM FINANCING | -$296.5K |
| FREE CASH FLOW | -$290.7K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $603.6K |
| Net Receivables | $47M |
| Inventory | $91M |
| Other Current Assets | -$18M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $90M |
| Goodwill | $28M |
| Intangible Assets | $25M |
| Long-Term Investments | $36M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$34M |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $411M |
| Account Payables | $47M |
| Short-Term Debt | $18.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $672M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$445M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $411M |
| Total Debt | $6M |
| Net Debt | -$14M |
