| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $68M | $61M | 19.9% | 32.0% |
| Op. Income | $3M | -$1M | $448.0K | 274.6% | 463.8% |
| Gross Margin | 97.9% | 119.5% | 71.1% | -21.6pp | 26.9pp |
| Net Margin | -1.3% | -5.3% | -1.8% | 4.0pp | 0.5pp |
| EPS (Diluted) | $-0.03 | $-0.08 | $-0.03 | 58.4% | -33.3% |
| Free Cash Flow | $7M | $8M | $6M | -12.3% | 24.1% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $31M |
| SG&A Expenses | $58M |
| Other Expenses | $20M |
| Operating Expenses | $79M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $3M |
| Interest Income | $61.9K |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$945.7K |
| Income Tax Expense | $34.3K |
| Net Income from Continuing Ops | -$714.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $17M |
| EBIT | $3M |
| EBITDA | $20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $982.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $391.9K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $96.1K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$326.9K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $27M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $64M |
| Goodwill | $62M |
| Intangible Assets | $76M |
| Long-Term Investments | $938.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $385M |
| Account Payables | $38M |
| Short-Term Debt | $23M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $109M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $287.0K |
| Other Non-Current Liabilities | $393.9K |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $230M |
| Common Stock | $0 |
| Additional Paid-In Capital | $389M |
| Retained Earnings | -$250M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $139M |
| Minority Interest | $17M |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $385M |
| Total Debt | $159M |
| Net Debt | $148M |
