Image source: The Motley Fool. Tuesday, March 3, 2026 at 5:30 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Brian Faith Senior Vice President and Chief Financial Officer — Elias Nader Investor Relations, Darrow — Alison Ziegler TAKEAWAYS Total Revenue -- $3.7 million, representing a decrease of 35% year over year and an increase of 84% quarter over quarter from Q3 2025. -- $3.7...
Image source: The Motley Fool. Tuesday, March 3, 2026 at 5:30 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Brian Faith Senior Vice President and Chief Financial Officer — Elias Nader Investor Relations, Darrow — Alison Ziegler TAKEAWAYS Total Revenue -- $3.7 million, representing a decrease of 35% year over year and an increase of 84% quarter over quarter from Q3 2025. -- $3.7 million, representing a decrease of 35% year over year and an increase of 84% quarter over quarter from Q3 2025. New Product Revenue -- $2.8 million, down 39% year over year, up 199% from Q3 2025. -- $2.8 million, down 39% year over year, up 199% from Q3 2025. Mature Product Revenue -- $900,000 for the quarter, down from $1 million a year prior, and down from $1.1 million in Q3 2025. -- $900,000 for the quarter, down from $1 million a year prior, and down from $1.1 million in Q3 2025. Non-GAAP Gross Margin -- 20.8%, affected by $473,000 in inventory reserves and $135,000 in unexpected professional services costs in cost of goods sold. -- 20.8%, affected by $473,000 in inventory reserves and $135,000 in unexpected professional services costs in cost of goods sold. Non-GAAP Operating Expenses -- $3.5 million, $500,000 above the forecast midpoint due to executive incentives recognized in Q4. -- $3.5 million, $500,000 above the forecast midpoint due to executive incentives recognized in Q4. Non-GAAP Net Loss -- $2.9 million, or $0.17 per share, compared to a $600,000 profit ($0.04 per share) in Q4 2024, and a $3.2 million loss ($0.19 per share) in Q3 2025. -- $2.9 million, or $0.17 per share, compared to a $600,000 profit ($0.04 per share) in Q4 2024, and a $3.2 million loss ($0.19 per share) in Q3 2025. Stock-Based Compensation Expense -- $700,000, versus $900,000 in Q4 2024 and $800,000 in Q3 2025. -- $700,000, versus $900,000 in Q4 2024 and $800,000 in Q3 2025. Cash Balance -- $18.8 million at quarter end (including $15 million drawn on the credit facility), compared to $17...