| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $665.6K | — | $460.3K | — | 44.6% |
| Op. Income | -$1M | — | -$784.5K | — | -60.5% |
| Gross Margin | -25.3% | — | 43.9% | — | -69.2pp |
| Net Margin | 63.1% | — | 75.2% | — | -12.0pp |
| EPS (Diluted) | $0.04 | — | $0.03 | — | 21.5% |
| Free Cash Flow | -$2M | — | $2M | — | -216.0% |
| Item | Amount |
|---|---|
| REVENUE | $665.6K |
| Cost of Revenue | $833.8K |
| GROSS PROFIT | -$168.3K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $8M |
| Interest Expense | $13.7K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $380.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $380.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $420.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $420.3K |
| D&A | $641.3K |
| EBIT | -$1M |
| EBITDA | -$617.8K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $420.3K |
| Depreciation & Amortization | $641.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$236.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | -$422.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$624.6K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $15M |
| Net Receivables | $75.3K |
| Inventory | $0 |
| Other Current Assets | $146.4K |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $40M |
| Account Payables | $90.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $255.4K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $206.5K |
| Additional Paid-In Capital | $51M |
| Retained Earnings | -$21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $78.8K |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $4M |
| Net Debt | -$15M |
