| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $666.0K | $81.0K | $0 | 722.2% | — |
| Op. Income | -$1M | -$992.0K | -$2M | -9.1% | 40.8% |
| Gross Margin | 18.2% | 21.0% | — | -2.8pp | — |
| Net Margin | -91.7% | -1219.8% | — | 1128.0pp | — |
| EPS (Diluted) | $-2.21 | $-1.31 | $-79.20 | -68.7% | 97.2% |
| Free Cash Flow | -$33.0K | -$434.0K | -$1M | 92.4% | 97.6% |
| Item | Amount |
|---|---|
| REVENUE | $666.0K |
| Cost of Revenue | $545.0K |
| GROSS PROFIT | $121.0K |
| R&D Expenses | -$47.0K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $45.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $476.0K |
| INCOME BEFORE TAX | -$606.0K |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$611.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$611.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $4.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$611.0K |
| Depreciation & Amortization | $4.0K |
| Stock-Based Compensation | $655.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.0K |
| Change in Working Capital | -$83.0K |
| OPERATING CASH FLOW | -$33.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$259.0K |
| FREE CASH FLOW | -$33.0K |
| Net Change in Cash | -$333.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $1M |
| Other Current Assets | $104.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $149.0K |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $210.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $8M |
| Account Payables | $617.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $215.0K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.0K |
| TOTAL NON-CURRENT LIABILITIES | $11.0K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $461M |
| Retained Earnings | -$454M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $2.0K |
| Net Debt | -$4M |
