| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$41M | -$41M | -$27M | -1.1% | -54.4% |
| EPS (Diluted) | $-0.68 | $-0.67 | $-0.38 | -1.5% | -78.9% |
| Free Cash Flow | -$24M | -$29M | -$30M | 17.6% | 19.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$41M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $53.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $11.0K |
| EBIT | -$41M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $312.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $297.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$238.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $318M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $431M |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $593.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $593.0K |
| TOTAL LIABILITIES | $30M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $401M |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $431M |
| Total Debt | $2M |
| Net Debt | -$95M |
