| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $72M | $66M | 1.3% | 10.9% |
| Op. Income | -$5M | -$3M | -$4M | -74.5% | -31.9% |
| Gross Margin | 79.4% | 79.7% | 76.6% | -0.3pp | 2.7pp |
| Net Margin | -10.3% | -6.0% | -8.3% | -4.3pp | -2.0pp |
| EPS (Diluted) | $-0.09 | $-0.05 | $-0.07 | -70.8% | -31.2% |
| Free Cash Flow | $3M | $3M | $3M | 7.4% | 18.4% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $58M |
| R&D Expenses | $18M |
| Selling & Marketing | $33M |
| General & Administrative | $16M |
| SG&A Expenses | $49M |
| Other Expenses | -$4M |
| Operating Expenses | $62M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$434.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$281.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $261M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $154M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $240.0K |
| Additional Paid-In Capital | $420M |
| Retained Earnings | -$397M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $261M |
| Total Debt | $43M |
| Net Debt | -$29M |
