| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | — | -10.1% | — |
| Op. Income | -$8M | -$17M | — | 51.5% | — |
| Gross Margin | 46.9% | 16.8% | — | 30.0pp | — |
| Net Margin | -2345.2% | -1659.2% | — | -686.0pp | — |
| EPS (Diluted) | $-9.93 | $-7.70 | — | -29.0% | — |
| Free Cash Flow | -$6M | -$13M | — | 52.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $966.4K |
| GROSS PROFIT | $852.3K |
| R&D Expenses | $0 |
| Selling & Marketing | -$1M |
| General & Administrative | $11M |
| SG&A Expenses | $9M |
| Other Expenses | -$215.8K |
| Operating Expenses | $9M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$8M |
| Interest Income | $27.2K |
| Interest Expense | $95.7K |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $230.6K |
| EBIT | -$43M |
| EBITDA | -$42M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $230.6K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$129.9K |
| Acquisitions (Net) | -$92.2K |
| Purchases of Investments | -$925.0K |
| Sales/Maturities of Investments | $680.6K |
| Other Investing Activities | -$60 |
| NET CASH FROM INVESTING | -$466.7K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3 |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $114.8K |
| Net Receivables | $229.5K |
| Inventory | $949.3K |
| Other Current Assets | $630.6K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $84.8K |
| Goodwill | $14M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $41M |
| Account Payables | $2M |
| Short-Term Debt | $324.2K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6M |
| Common Stock | $7.8K |
| Additional Paid-In Capital | $216M |
| Retained Earnings | -$183M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $347.8K |
| Net Debt | -$2M |
