| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $802.0K | $8M | $935.0K | -90.4% | -14.2% |
| Op. Income | -$9M | -$31M | -$23M | 70.7% | 60.1% |
| Gross Margin | -773.4% | -334.4% | -2105.1% | -439.0pp | 1331.7pp |
| Net Margin | -1059.0% | -218.0% | -1938.4% | -841.0pp | 879.4pp |
| EPS (Diluted) | $-1.11 | $-2.39 | $-2.38 | 53.6% | 53.4% |
| Free Cash Flow | -$4M | $23M | -$13M | -118.3% | 68.7% |
| Item | Amount |
|---|---|
| REVENUE | $802.0K |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$9M |
| Interest Income | $534.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$980.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $6M |
| EBIT | -$8M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $176.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $160.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $906.0K |
| NET CASH FROM INVESTING | -$549.0K |
| Net Debt Issuance | -$299.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$382.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$681.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $4M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $142M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $202M |
| Account Payables | $403.0K |
| Short-Term Debt | $250.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $527.0K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $85M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $8M |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $100M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $103M |
| Minority Interest | $5M |
| TOTAL EQUITY | $108M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $86M |
| Net Debt | $47M |
