| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $10M | 9.6% | 20.4% |
| Op. Income | -$1M | $372.0K | -$5.0K | -499.5% | -29620.0% |
| Gross Margin | 44.0% | 43.0% | 37.3% | 1.0pp | 6.7pp |
| Net Margin | -7.7% | 2.8% | 1.1% | -10.5pp | -8.8pp |
| EPS (Diluted) | $-0.09 | $0.03 | $0.01 | -393.8% | -918.1% |
| Free Cash Flow | $2M | $726.0K | $67.0K | 157.4% | 2689.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $150.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $740.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$1M |
| Interest Income | $11M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$566.0K |
| Net Income from Continuing Ops | -$920.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$920.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$920.0K |
| D&A | $220.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$920.0K |
| Depreciation & Amortization | $220.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $25M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $830M |
| Tax Assets | $1M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $866M |
| TOTAL ASSETS | $949M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $681M |
| TOTAL CURRENT LIABILITIES | $681M |
| Long-Term Debt | $147M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $834M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $81M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$3M |
| TOTAL STOCKHOLDERS' EQUITY | $115M |
| Minority Interest | $0 |
| TOTAL EQUITY | $115M |
| TOTAL LIABILITIES & EQUITY | $949M |
| Total Debt | $147M |
| Net Debt | $92M |
