| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $13M | — | 13.2% | — |
| Op. Income | -$698.0K | -$2M | — | 62.0% | — |
| Gross Margin | 41.7% | 48.1% | — | -6.3pp | — |
| Net Margin | -17.0% | -29.0% | — | 12.0pp | — |
| EPS (Diluted) | $-0.01 | $-0.02 | — | 33.9% | — |
| Free Cash Flow | -$3M | -$8M | — | 60.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $6M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$698.0K |
| Interest Income | $0 |
| Interest Expense | $335.3K |
| Other Income/Expenses | -$7.8K |
| INCOME BEFORE TAX | -$705.7K |
| Income Tax Expense | $2M |
| 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 | $309.5K |
| EBIT | -$698.0K |
| EBITDA | -$388.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $309.5K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$357.8K |
| Other Non-Cash Items | -$28.1K |
| Change in Working Capital | -$995.2K |
| OPERATING CASH FLOW | -$2M |
| 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 | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $17M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $9M |
| Tax Assets | $533.7K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $74M |
| Account Payables | $5M |
| Short-Term Debt | $579.2K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $288.8K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $95M |
| Retained Earnings | -$56M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $74M |
| Total Debt | $3M |
| Net Debt | -$289.5K |
