| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $20M | $19M | -14.3% | -6.5% |
| Op. Income | $659.0K | -$74M | -$1M | 100.9% | 157.3% |
| Gross Margin | 56.4% | 64.0% | 36.6% | -7.6pp | 19.8pp |
| Net Margin | -3.9% | -330.6% | 4.5% | 326.7pp | -8.4pp |
| EPS (Diluted) | $-0.03 | $-3.35 | $0.04 | 99.0% | -180.5% |
| Free Cash Flow | $5M | $8M | $941.0K | -32.2% | 465.7% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $659.0K |
| Interest Income | $239.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $230.0K |
| INCOME BEFORE TAX | $889.0K |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$681.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$681.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$681.0K |
| D&A | $1M |
| EBIT | $659.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$681.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3.0K |
| Change in Working Capital | $732.0K |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$264.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $107.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $2M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $1M |
| Goodwill | $44M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $132M |
| Account Payables | $470.0K |
| Short-Term Debt | $206.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $410.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $159M |
| Retained Earnings | -$34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$271.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $125M |
| Minority Interest | $0 |
| TOTAL EQUITY | $125M |
| TOTAL LIABILITIES & EQUITY | $132M |
| Total Debt | $616.0K |
| Net Debt | -$30M |
