| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $21M | $19M | 7.7% | 24.7% |
| Op. Income | $3M | $4M | $2M | -16.1% | 73.2% |
| Gross Margin | 23.9% | 26.8% | 23.7% | -3.0pp | 0.2pp |
| Net Margin | 9.2% | 13.4% | 7.5% | -4.2pp | 1.7pp |
| EPS (Diluted) | $0.41 | $0.54 | $0.26 | -24.1% | 57.7% |
| Free Cash Flow | -$1M | $6M | -$1M | -121.2% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $813.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $3M |
| Interest Income | $81.0K |
| Interest Expense | $64.0K |
| Other Income/Expenses | $90.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | -$2M |
| EBIT | $3M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $813.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $3M |
| Interest Income | $81.0K |
| Interest Expense | $64.0K |
| Other Income/Expenses | $90.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | -$2M |
| EBIT | $3M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $972.0K |
| Stock-Based Compensation | $46.0K |
| Deferred Income Tax | $976.0K |
| Other Non-Cash Items | -$669.0K |
| Change in Working Capital | -$869.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$143.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$143.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $7M |
| Other Current Assets | $23.0K |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $504.0K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $88M |
| Account Payables | $5M |
| Short-Term Debt | $648.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $8M |
| Retained Earnings | $47M |
| Treasury Stock | -$102.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $5M |
| Net Debt | -$7M |
