| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $33M | — | -17.6% | — |
| Op. Income | -$24M | -$22M | — | -11.0% | — |
| Gross Margin | 20.3% | 22.4% | — | -2.1pp | — |
| Net Margin | -21.4% | 7.6% | — | -29.0pp | — |
| EPS (Diluted) | $-0.01 | $-0.03 | — | 67.6% | — |
| Free Cash Flow | -$22M | -$11M | — | -102.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $6M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | -$660.0K |
| Operating Expenses | $30M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$24M |
| Interest Income | $13M |
| Interest Expense | $4M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$56.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $4M |
| EBIT | -$2M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | -$229M |
| Purchases of Investments | -$307M |
| Sales/Maturities of Investments | $191M |
| Other Investing Activities | $966.0K |
| NET CASH FROM INVESTING | -$344M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$364M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $331M |
| PP&E (Net) | $9M |
| Goodwill | $241M |
| Intangible Assets | $139M |
| Long-Term Investments | $174M |
| Tax Assets | $0 |
| Other Non-Current Assets | $860.0K |
| TOTAL NON-CURRENT ASSETS | $564M |
| TOTAL ASSETS | $895M |
| Account Payables | $6M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $186M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $90M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $283M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$866M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63.0K |
| Other Equity | $1.5B |
| TOTAL STOCKHOLDERS' EQUITY | $612M |
| Minority Interest | $0 |
| TOTAL EQUITY | $612M |
| TOTAL LIABILITIES & EQUITY | $895M |
| Total Debt | $24M |
| Net Debt | -$63M |
