| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $9M | $9M | -44.9% | -43.2% |
| Op. Income | -$6M | -$5M | -$3M | -17.5% | -103.8% |
| Gross Margin | 49.1% | 51.2% | 40.7% | -2.0pp | 8.5pp |
| Net Margin | -150.3% | -70.2% | -42.5% | -80.1pp | -107.8pp |
| EPS (Diluted) | $-0.24 | $-0.26 | $-1.11 | 7.7% | 78.4% |
| Free Cash Flow | -$4M | -$2M | -$5M | -60.3% | 21.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $3M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $369.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $3.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | -$45.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $408.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $673.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $37.0K |
| Goodwill | $0 |
| Intangible Assets | $981.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $8M |
| Account Payables | $4M |
| Short-Term Debt | $8M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $320.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $0 |
| Additional Paid-In Capital | $293M |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $143.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$23M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$23M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $18M |
| Net Debt | $17M |
