| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $11M | -0.2% | 11.2% |
| Op. Income | $1M | -$1M | -$830.0K | 188.7% | 258.8% |
| Gross Margin | 51.2% | 44.0% | 29.0% | 7.2pp | 22.3pp |
| Net Margin | 8.1% | -7.7% | -5.9% | 15.7pp | 13.9pp |
| EPS (Diluted) | $0.11 | $-0.09 | $-0.07 | 215.9% | 264.4% |
| Free Cash Flow | $1M | $2M | -$394.0K | -27.4% | 444.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $184.0K |
| General & Administrative | $900.0K |
| SG&A Expenses | $1M |
| Other Expenses | $4M |
| Operating Expenses | $5M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $1M |
| Interest Income | $12M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $356.0K |
| Net Income from Continuing Ops | $962.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $962.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $962.0K |
| D&A | $21.0K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $184.0K |
| General & Administrative | $900.0K |
| SG&A Expenses | $1M |
| Other Expenses | $4M |
| Operating Expenses | $5M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $1M |
| Interest Income | $12M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $356.0K |
| Net Income from Continuing Ops | $962.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $962.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $962.0K |
| D&A | $21.0K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $962.0K |
| Depreciation & Amortization | $21.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $64.0K |
| Other Non-Cash Items | $84.0K |
| Change in Working Capital | $226.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $55M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $854M |
| Tax Assets | $1M |
| Other Non-Current Assets | -$854M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $718M |
| TOTAL CURRENT LIABILITIES | $718M |
| Long-Term Debt | $164M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $170M |
| TOTAL LIABILITIES | $888M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $82M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$3M |
| TOTAL STOCKHOLDERS' EQUITY | $117M |
| Minority Interest | $0 |
| TOTAL EQUITY | $117M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $164M |
| Net Debt | $162M |
