| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | — | $52M | — | 18.6% |
| Op. Income | $2M | — | $5M | — | -69.4% |
| Gross Margin | 25.9% | — | 30.9% | — | -5.0pp |
| Net Margin | 2.9% | — | 8.1% | — | -5.2pp |
| EPS (Diluted) | $0.02 | — | $0.07 | — | -71.4% |
| Free Cash Flow | -$11M | — | -$3M | — | -314.0% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $16M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $931.0K |
| Other Income/Expenses | $291.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $73.0K |
| 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 | $897.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $16M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $931.0K |
| Other Income/Expenses | $291.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $73.0K |
| 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 | $897.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $897.0K |
| Stock-Based Compensation | $575.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$121.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $19M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $50M |
| Account Payables | $4M |
| Short-Term Debt | $5M |
| Deferred Revenue | $930.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $194.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $706.0K |
| Additional Paid-In Capital | $116M |
| Retained Earnings | -$99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $24M |
| Net Debt | $23M |
