| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$32M | -$28M | -$31M | -14.1% | -3.7% |
| EPS (Diluted) | $-2.94 | $-4.64 | $-5.12 | 36.6% | 42.6% |
| Free Cash Flow | -$21M | -$23M | -$24M | 7.2% | 13.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$1M |
| Operating Expenses | $30M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$32M |
| Interest Income | $2M |
| Interest Expense | $24.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $1M |
| EBIT | -$36M |
| EBITDA | -$34M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$152.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | $10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $120M |
| Net Receivables | $342.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $76.0K |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $192M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $774M |
| Retained Earnings | -$615M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $102.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $192M |
| Total Debt | $15M |
| Net Debt | -$24M |
