| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $0 | -1.7% | — |
| Op. Income | -$8M | -$5M | -$2M | -49.5% | -237.5% |
| Gross Margin | 91.0% | 77.9% | — | 13.1pp | — |
| Net Margin | -245.5% | -46.4% | — | -199.1pp | — |
| EPS (Diluted) | $-0.31 | $-0.08 | $-0.51 | -279.9% | 39.2% |
| Free Cash Flow | -$7M | -$5M | -$2M | -29.9% | -205.6% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $252.2K |
| GROSS PROFIT | $3M |
| R&D Expenses | $569.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $5.4K |
| Operating Expenses | $10M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$8M |
| Interest Income | $634.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| 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 | $27.1K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $27.1K |
| Stock-Based Compensation | $945.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$599.5K |
| Change in Working Capital | -$423.2K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$134.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12.7K |
| NET CASH FROM INVESTING | -$147.5K |
| Net Debt Issuance | $12.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$73.0K |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $5M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $328.5K |
| Goodwill | $391.4K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $720.0K |
| TOTAL ASSETS | $80M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $153.2K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $35.9K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $17M |
| Common Stock | $134M |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$97M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $0 |
| Net Debt | -$66M |
