| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $3M | $2M | -60.0% | -42.6% |
| Op. Income | -$1M | -$132.1K | -$1M | -911.9% | -29.2% |
| Gross Margin | 72.1% | 61.5% | 78.9% | 10.5pp | -6.8pp |
| Net Margin | -73.9% | -1.8% | -41.6% | -72.1pp | -32.3pp |
| EPS (Diluted) | $-0.05 | $-0.00 | $-0.06 | -1536.7% | 18.2% |
| Free Cash Flow | -$1M | -$148.7K | -$434.5K | -773.1% | -198.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $390.9K |
| GROSS PROFIT | $1M |
| R&D Expenses | $973.4K |
| Selling & Marketing | $324.1K |
| General & Administrative | $979.2K |
| SG&A Expenses | $1M |
| Other Expenses | $68.1K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $63.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $303.7K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $64.1K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $64.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22.6K |
| Change in Working Capital | -$343.6K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$8.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.1K |
| Net Debt Issuance | $28.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $28.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $657.1K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $88.2K |
| Goodwill | $11M |
| Intangible Assets | $9.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61.7K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $18M |
| Account Payables | $155.3K |
| Short-Term Debt | $0 |
| Deferred Revenue | $69.9K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.9K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $21.1K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $95.1K |
| Net Debt | -$5M |
