| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $5M | — | -0.9% |
| Op. Income | -$3M | — | -$2M | — | -59.8% |
| Gross Margin | 40.9% | — | 52.3% | — | -11.4pp |
| Net Margin | -7100.2% | — | -71.3% | — | -7028.8pp |
| EPS (Diluted) | $-6.54 | — | $-0.25 | — | -2516.0% |
| Free Cash Flow | $6M | — | -$2M | — | 423.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$476M |
| INCOME BEFORE TAX | -$479M |
| Income Tax Expense | -$99M |
| Net Income from Continuing Ops | -$380M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | -$381M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$381M |
| D&A | $890.0K |
| EBIT | -$76M |
| EBITDA | -$75M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$380M |
| Depreciation & Amortization | $890.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$99M |
| Other Non-Cash Items | $471M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $750M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $586.0K |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $130.0K |
| Goodwill | $12M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $84M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.2B |
| Account Payables | $5M |
| Short-Term Debt | $7M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $126.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$403M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $4M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $15M |
| Net Debt | $9M |
