| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $31M | $17M | -1.9% | 73.8% |
| Op. Income | $333.0K | $649.0K | -$24M | -48.7% | 101.4% |
| Gross Margin | 44.5% | 42.7% | -72.7% | 1.8pp | 117.2pp |
| Net Margin | 39.0% | -7.1% | -155.2% | 46.1pp | 194.2pp |
| EPS (Diluted) | $0.16 | $-0.03 | $-0.44 | 584.8% | 136.4% |
| Free Cash Flow | $1M | $1M | $524.0K | -20.2% | 125.2% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $5M |
| General & Administrative | $6M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $333.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$81.0K |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $323.0K |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $5M |
| General & Administrative | $6M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $333.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$81.0K |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $323.0K |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $323.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$445.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $31M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $5M |
| Goodwill | $12M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $78M |
| Account Payables | $29M |
| Short-Term Debt | $856.0K |
| Deferred Revenue | $961.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $168M |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $78M |
| Total Debt | $3M |
| Net Debt | -$5M |
