| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $2M | — | 18.4% |
| Op. Income | -$2M | — | -$410.9K | — | -386.8% |
| Gross Margin | 50.0% | — | 54.2% | — | -4.2pp |
| Net Margin | -106.2% | — | -32.0% | — | -74.1pp |
| EPS (Diluted) | $-0.06 | — | $-1.05 | — | 94.5% |
| Free Cash Flow | -$2M | — | -$216.9K | — | -864.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $938.5K |
| GROSS PROFIT | $938.2K |
| R&D Expenses | $71.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $1 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $10.5K |
| Interest Expense | $22.6K |
| Other Income/Expenses | $8.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $94.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $94.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$45.2K |
| Change in Working Capital | -$34.8K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$114.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$166.1K |
| Net Debt Issuance | $553.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $686.8K |
| Inventory | $2M |
| Other Current Assets | $693 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $235.1K |
| Goodwill | $0 |
| Intangible Assets | $301.0K |
| Long-Term Investments | $35.4K |
| Tax Assets | $0 |
| Other Non-Current Assets | $29.3K |
| TOTAL NON-CURRENT ASSETS | $600.8K |
| TOTAL ASSETS | $7M |
| Account Payables | $228.1K |
| Short-Term Debt | $2M |
| Deferred Revenue | $349.4K |
| Other Current Liabilities | $601.8K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $77.6K |
| Deferred Revenue NC | $887.7K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$11.4K |
| TOTAL NON-CURRENT LIABILITIES | $965.3K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $380.6K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $2M |
| Net Debt | -$2M |
