| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | — | — | — | — |
| Op. Income | $3M | — | — | — | — |
| Gross Margin | -17.2% | — | — | — | — |
| Net Margin | 1.2% | — | — | — | — |
| EPS (Diluted) | $0.04 | — | — | — | — |
| Free Cash Flow | -$7M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $63M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$25M |
| Operating Expenses | -$15M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $322.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $222.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $652.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $652.0K |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $652.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $323.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $228M |
| Goodwill | $9M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $53M |
| Other Non-Current Assets | $277.0K |
| TOTAL NON-CURRENT ASSETS | $296M |
| TOTAL ASSETS | $336M |
| Account Payables | $12M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $193M |
| TOTAL LIABILITIES | $232M |
| Common Stock | $0 |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$60.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $59M |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $138M |
| Net Debt | $110M |
