| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $10M | -8.9% | -10.6% |
| Op. Income | -$2M | -$532.0K | -$2M | -211.7% | 18.6% |
| Gross Margin | 34.2% | 32.6% | 32.2% | 1.5pp | 1.9pp |
| Net Margin | -25.0% | -9.4% | -22.5% | -15.6pp | -2.5pp |
| EPS (Diluted) | $-0.46 | $-0.19 | $-0.84 | -142.1% | 45.2% |
| Free Cash Flow | -$845.8K | -$761.9K | -$4M | -11.0% | 78.0% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $3M |
| R&D Expenses | -$530.8K |
| Selling & Marketing | $308.7K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | -$4M |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $57.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$74.3K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $408.4K |
| 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 | $98.6K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $98.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $142.0K |
| Change in Working Capital | $284.3K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $770.2K |
| Acquisitions (Net) | -$10.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$215.5K |
| NET CASH FROM INVESTING | -$50.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $724.5K |
| FREE CASH FLOW | -$845.8K |
| Net Change in Cash | -$183.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $13M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $30M |
| Account Payables | $6M |
| Short-Term Debt | $215.6K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $295.8K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $596.8K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $4.9K |
| Additional Paid-In Capital | $98M |
| Retained Earnings | -$75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $30M |
| Total Debt | $812.4K |
| Net Debt | -$8M |
