| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $15M | $13M | -14.5% | -0.7% |
| Op. Income | $186.0K | -$781.0K | -$223.0K | 123.8% | 183.4% |
| Gross Margin | 27.5% | 23.1% | 22.0% | 4.4pp | 5.5pp |
| Net Margin | 1.3% | -7.7% | -4.4% | 9.0pp | 5.7pp |
| EPS (Diluted) | $0.00 | $-0.02 | $-0.01 | 113.8% | 127.5% |
| Free Cash Flow | $411.0K | -$3M | -$404.0K | 114.0% | 201.7% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $186.0K |
| Interest Income | $0 |
| Interest Expense | $328.0K |
| Other Income/Expenses | -$340.0K |
| INCOME BEFORE TAX | -$154.0K |
| Income Tax Expense | -$317.0K |
| Net Income from Continuing Ops | $163.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $163.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $163.0K |
| D&A | $221.0K |
| EBIT | $174.0K |
| EBITDA | $396.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $163.0K |
| Depreciation & Amortization | $221.0K |
| Stock-Based Compensation | $206.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $958.0K |
| NET CASH FROM INVESTING | -$450.0K |
| Net Debt Issuance | -$547.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.0K |
| NET CASH FROM FINANCING | -$510.0K |
| FREE CASH FLOW | $411.0K |
| Net Change in Cash | $859.0K |
| 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 |
