| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | 1.4% | 0.4% |
| Op. Income | -$9M | $61M | $7M | -114.9% | -228.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -419.6% | 3449.5% | 492.3% | -3869.1pp | -912.0pp |
| EPS (Diluted) | $-0.35 | $2.86 | $0.41 | -112.2% | -185.4% |
| Free Cash Flow | -$4M | -$12M | -$2M | 63.4% | -90.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | -$565.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$9M |
| Interest Income | $340.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $408.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$2M |
| 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 | $104.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $104.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$345.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $873.0K |
| NET CASH FROM FINANCING | -$10.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $367M |
| TOTAL ASSETS | $417M |
| Account Payables | $15M |
| Short-Term Debt | $1M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $130M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $145M |
| TOTAL LIABILITIES | $181M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | -$321M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $236M |
| Minority Interest | $0 |
| TOTAL EQUITY | $236M |
| TOTAL LIABILITIES & EQUITY | $417M |
| Total Debt | $8M |
| Net Debt | -$30M |
