| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | — | $7M | — | 315.6% |
| Op. Income | -$6M | — | -$827.9K | — | -672.2% |
| Gross Margin | -9.6% | — | -10.4% | — | 0.8pp |
| Net Margin | -38.2% | — | -18.2% | — | -20.1pp |
| EPS (Diluted) | $-6.03 | — | $-0.59 | — | -920.9% |
| Free Cash Flow | $3M | — | -$6M | — | 144.5% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $31M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$6M |
| Interest Income | $85.2K |
| Interest Expense | $298 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $45.3K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $6M |
| EBIT | -$6M |
| EBITDA | -$656.2K |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $1 |
| Acquisitions (Net) | $12.8K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$603.3K |
| NET CASH FROM INVESTING | -$590.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16.2K |
| NET CASH FROM FINANCING | -$16.2K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $5.7K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $20M |
| Goodwill | $6M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $52M |
| Account Payables | $2M |
| Short-Term Debt | $2.8K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $134.7K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $6M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $869.8K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | -$15.0K |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $101 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $2.8K |
| Net Debt | -$8M |
