| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $529.0K | $2M | 98.7% | -33.2% |
| Op. Income | -$8M | -$8M | -$14M | 7.8% | 45.1% |
| Gross Margin | 99.0% | 97.9% | -459.7% | 1.0pp | 558.7pp |
| Net Margin | -357.4% | -1463.5% | -796.2% | 1106.1pp | 438.8pp |
| EPS (Diluted) | $-0.02 | $-0.04 | $-0.07 | 51.2% | 71.1% |
| Free Cash Flow | -$5M | -$6M | -$10M | 19.5% | 55.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $11.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$22.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$8M |
| Interest Income | $877.0K |
| Interest Expense | $18.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $11.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$159M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $157M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50.6K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $73M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $32.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $130.0K |
| TOTAL NON-CURRENT ASSETS | $162.0K |
| TOTAL ASSETS | $95M |
| Account Payables | $1M |
| Short-Term Debt | $547.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $95M |
| Total Debt | $4M |
| Net Debt | -$14M |
