| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $1M | -18.5% | 21.4% |
| Op. Income | -$13M | -$23M | -$5M | 45.6% | -170.1% |
| Gross Margin | 95.3% | 96.4% | 95.1% | -1.1pp | 0.2pp |
| Net Margin | -16015.2% | -13392.9% | -397.9% | -2622.3pp | -15617.3pp |
| EPS (Diluted) | $-4.60 | $-124.00 | $-92.00 | 96.3% | 95.0% |
| Free Cash Flow | -$11M | -$29M | -$1M | 61.8% | -670.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $59.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | -$201M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$206M |
| D&A | $59.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$201M |
| Depreciation & Amortization | $59.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $190M |
| Change in Working Capital | $423.0K |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $500.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $355.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $669M |
| TOTAL NON-CURRENT ASSETS | $674M |
| TOTAL ASSETS | $746M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $895.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $731M |
| Minority Interest | $0 |
| TOTAL EQUITY | $731M |
| TOTAL LIABILITIES & EQUITY | $746M |
| Total Debt | $4M |
| Net Debt | -$64M |
