| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $52M | $54M | 5.2% | 1.6% |
| Op. Income | $968.0K | $631.0K | $316.0K | 53.4% | 206.3% |
| Gross Margin | 31.0% | 31.6% | 30.6% | -0.6pp | 0.4pp |
| Net Margin | 3.5% | 2.1% | 1.1% | 1.4pp | 2.4pp |
| EPS (Diluted) | $0.13 | $0.09 | $0.04 | 49.3% | 219.4% |
| Free Cash Flow | $342.0K | -$745.0K | -$514.0K | 145.9% | 166.5% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $968.0K |
| Interest Income | $169.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $421.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $971.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $968.0K |
| Interest Income | $169.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $421.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $971.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $971.0K |
| Stock-Based Compensation | $641.0K |
| Deferred Income Tax | $49.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$99.0K |
| Other Financing Activities | -$857.0K |
| NET CASH FROM FINANCING | -$895.0K |
| FREE CASH FLOW | $342.0K |
| Net Change in Cash | -$247.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $105M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $330.0K |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $301.0K |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $200M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $556.0K |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $83.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $724.0K |
| Additional Paid-In Capital | $75M |
| Retained Earnings | $80M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $200M |
| Total Debt | $2M |
| Net Debt | -$34M |
