| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $8M | 7.9% | -2.6% |
| Op. Income | -$9M | -$9M | -$12M | 0.0% | 28.5% |
| Gross Margin | -46.3% | 47.8% | 41.9% | -94.2pp | -88.2pp |
| Net Margin | -99.8% | -115.4% | -246.5% | 15.6pp | 146.8pp |
| EPS (Diluted) | $-1.46 | $-1.59 | $-10.79 | 8.2% | 86.5% |
| Free Cash Flow | -$4M | -$6M | -$7M | 29.5% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$7M |
| Operating Expenses | $5M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$9M |
| Interest Income | $276.0K |
| Interest Expense | $72.0K |
| Other Income/Expenses | $638.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $35.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $926.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $180.0K |
| Change in Working Capital | $264.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$18.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $10M |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $74M |
| Account Payables | $6M |
| Short-Term Debt | $946.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $249.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $764M |
| Retained Earnings | -$720M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $74M |
| Total Debt | $7M |
| Net Debt | $4M |
