| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $6M | $5M | 29.4% | 46.3% |
| Op. Income | $542.0K | -$61.0K | -$336.0K | 988.5% | 261.3% |
| Gross Margin | 39.3% | 48.8% | 48.6% | -9.5pp | -9.3pp |
| Net Margin | 6.6% | -1.3% | -6.7% | 7.9pp | 13.3pp |
| EPS (Diluted) | $0.33 | $-0.05 | $-0.25 | 760.0% | 232.0% |
| Free Cash Flow | $291.0K | -$44.0K | $521.0K | 761.4% | -44.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $789.0K |
| SG&A Expenses | $789.0K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $542.0K |
| Interest Income | $0 |
| Interest Expense | -$57.0K |
| Other Income/Expenses | -$16.0K |
| INCOME BEFORE TAX | $526.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $526.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $526.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $526.0K |
| D&A | $603.0K |
| EBIT | $542.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $789.0K |
| SG&A Expenses | $789.0K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $542.0K |
| Interest Income | $0 |
| Interest Expense | -$57.0K |
| Other Income/Expenses | -$16.0K |
| INCOME BEFORE TAX | $526.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $526.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $526.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $526.0K |
| D&A | $603.0K |
| EBIT | $542.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $526.0K |
| Depreciation & Amortization | $495.0K |
| Stock-Based Compensation | $105.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $165.0K |
| Change in Working Capital | -$925.0K |
| OPERATING CASH FLOW | $366.0K |
| Capital Expenditure | -$75.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75.0K |
| Net Debt Issuance | -$65.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $55.0K |
| FREE CASH FLOW | $291.0K |
| Net Change in Cash | $346.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | -$2M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $21M |
| Account Payables | $1M |
| Short-Term Debt | $30.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $47.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $117M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $4M |
| Net Debt | -$2M |
