| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $14M | $13M | -10.5% | -4.4% |
| Op. Income | -$3M | -$4M | -$18M | 17.1% | 82.2% |
| Gross Margin | 59.2% | 63.4% | 51.9% | -4.2pp | 7.3pp |
| Net Margin | -61.3% | -29.2% | -153.3% | -32.0pp | 92.1pp |
| EPS (Diluted) | $-0.06 | $-0.03 | $-0.22 | -81.8% | 72.7% |
| Free Cash Flow | -$254.0K | -$6M | -$6M | 95.9% | 95.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $2M |
| Operating Expenses | $11M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $40.0K |
| Interest Expense | $445.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $42.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $238.0K |
| Deferred Income Tax | $14.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $210.0K |
| Capital Expenditure | -$464.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $273.0K |
| NET CASH FROM INVESTING | -$191.0K |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$27.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$227.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$254.0K |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $15M |
| Goodwill | $24M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $85M |
| Account Payables | $4M |
| Short-Term Debt | $15M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $386.0K |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $112.0K |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $93.0K |
| Other Non-Current Liabilities | $587.0K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $335M |
| Retained Earnings | -$292M |
| Treasury Stock | -$900.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43M |
| Minority Interest | $0 |
| TOTAL EQUITY | $43M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $30M |
| Net Debt | $13M |
