| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $9M | — | 21.7% |
| Op. Income | -$3M | — | -$30M | — | 91.7% |
| Gross Margin | 58.9% | — | 33.9% | — | 25.0pp |
| Net Margin | -36.9% | — | -542.0% | — | 505.1pp |
| EPS (Diluted) | $-0.05 | — | $-0.71 | — | 92.4% |
| Free Cash Flow | -$3M | — | -$6M | — | 43.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $6M |
| R&D Expenses | $81.5K |
| Selling & Marketing | $6M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $125.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $941.3K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $80.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $125.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $125.0K |
| Stock-Based Compensation | $71.4K |
| Deferred Income Tax | -$1.3K |
| Other Non-Cash Items | $605.5K |
| Change in Working Capital | $283.7K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$274.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $73.1K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$200.9K |
| Net Debt Issuance | $50.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $124.7K |
| Net Receivables | $10M |
| Inventory | $99.2K |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $2M |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $269.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $349.5K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $33M |
| Account Payables | $17M |
| Short-Term Debt | $24M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $150.3K |
| Deferred Revenue NC | $214.6K |
| Deferred Tax Liabilities | $40.4K |
| Other Non-Current Liabilities | $292.5K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $97M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$228M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$929.9K |
| Other Equity | $104M |
| TOTAL STOCKHOLDERS' EQUITY | -$28M |
| Minority Interest | -$711.3K |
| TOTAL EQUITY | -$29M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $25M |
| Net Debt | $21M |
