| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$39M | -$38M | -$24M | -1.3% | -63.8% |
| EPS (Diluted) | $-0.84 | $-0.83 | $-0.61 | -1.2% | -37.7% |
| Free Cash Flow | -$31M | -$36M | -$16M | 14.4% | -89.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$39M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $0 |
| EBIT | -$39M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$70.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $267M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $333M |
| PP&E (Net) | $13.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $259.0K |
| TOTAL NON-CURRENT ASSETS | $272.0K |
| TOTAL ASSETS | $333M |
| Account Payables | $6M |
| Short-Term Debt | $14.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $26M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $712M |
| Retained Earnings | -$405M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $307M |
| Minority Interest | $0 |
| TOTAL EQUITY | $307M |
| TOTAL LIABILITIES & EQUITY | $333M |
| Total Debt | $14.0K |
| Net Debt | -$46M |
