| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $16M | $25M | 15.2% | -25.6% |
| Op. Income | -$398.0K | -$2M | -$519.0K | 74.9% | 23.3% |
| Gross Margin | 21.1% | 14.3% | 14.7% | 6.9pp | 6.4pp |
| Net Margin | -3.0% | -11.0% | -3.1% | 8.0pp | 0.0pp |
| EPS (Diluted) | $-0.01 | $-0.05 | $-0.02 | 71.8% | 38.7% |
| Free Cash Flow | $2M | -$2M | $470.0K | 243.6% | 369.1% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $2.4B |
| General & Administrative | $14.0B |
| SG&A Expenses | $16.4B |
| Other Expenses | -$16.4B |
| Operating Expenses | $4M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$398.0K |
| Interest Income | $45.0K |
| Interest Expense | $286.0K |
| Other Income/Expenses | -$156.0K |
| INCOME BEFORE TAX | -$554.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$554.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$554.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$554.0K |
| D&A | $1M |
| EBIT | -$769.0K |
| EBITDA | $260.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$554.0K |
| Depreciation & Amortization | $546.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $868.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$86.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$309.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$750.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$3M |
