| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $25M | $19M | -14.1% | 14.1% |
| Op. Income | -$1M | $2M | $2M | -151.6% | -157.9% |
| Gross Margin | 20.4% | 33.2% | 37.2% | -12.8pp | -16.9pp |
| Net Margin | -2.0% | 6.4% | 9.0% | -8.4pp | -11.1pp |
| EPS (Diluted) | $-0.01 | $0.04 | $0.04 | -127.5% | -125.3% |
| Free Cash Flow | $232.0K | $48M | -$63M | -99.5% | 100.4% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | -$2M |
| SG&A Expenses | $25M |
| Other Expenses | -$20M |
| Operating Expenses | $6M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $158.0K |
| Other Income/Expenses | -$158.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$841.0K |
| Net Income from Continuing Ops | -$445.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$446.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$446.0K |
| D&A | $706.0K |
| EBIT | -$1M |
| EBITDA | -$422.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$445.0K |
| Depreciation & Amortization | $706.0K |
| Stock-Based Compensation | $294.0K |
| Deferred Income Tax | $963.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $810.0K |
| OPERATING CASH FLOW | $402.0K |
| Capital Expenditure | -$170.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $411.0K |
| FREE CASH FLOW | $232.0K |
| Net Change in Cash | -$425.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $428M |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | $189M |
| TOTAL CURRENT ASSETS | $727M |
| PP&E (Net) | $13M |
| Goodwill | $2M |
| Intangible Assets | $908.0K |
| Long-Term Investments | $2M |
| Tax Assets | $3M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $759M |
| Account Payables | $242M |
| Short-Term Debt | $5M |
| Deferred Revenue | $70.0K |
| Other Current Liabilities | $409M |
| TOTAL CURRENT LIABILITIES | $661M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $670M |
| Common Stock | $415.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | $45M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $759M |
| Total Debt | $12M |
| Net Debt | -$11M |
