| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $11M | $11M | 2.6% | 2.0% |
| Op. Income | $670.3K | $527.5K | -$480.2K | 27.1% | 239.6% |
| Gross Margin | 40.7% | 39.0% | 28.5% | 1.7pp | 12.2pp |
| Net Margin | 6.1% | 4.2% | -8.4% | 1.9pp | 14.5pp |
| EPS (Diluted) | $0.05 | $0.04 | $-0.07 | 50.4% | 173.7% |
| Free Cash Flow | -$879M | $277.1K | -$1M | -317526.9% | -80305.9% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $173M |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.2B |
| Other Expenses | -$1.2B |
| Operating Expenses | $4M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $670.3K |
| Interest Income | $11M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $670.3K |
| Income Tax Expense | -$10.5K |
| Net Income from Continuing Ops | $680.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $680.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $680.8K |
| D&A | $0 |
| EBIT | $670.3K |
| EBITDA | $670.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $173M |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.2B |
| Other Expenses | -$1.2B |
| Operating Expenses | $4M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $670.3K |
| Interest Income | $11M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $670.3K |
| Income Tax Expense | -$10.5K |
| Net Income from Continuing Ops | $680.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $680.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $680.8K |
| D&A | $0 |
| EBIT | $670.3K |
| EBITDA | $670.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $680.8K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$714.9K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$879M |
| Capital Expenditure | -$72.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$879M |
| Net Change in Cash | -$16.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | -$14M |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $107.6K |
| Long-Term Investments | $838M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $879M |
| TOTAL ASSETS | $905M |
| Account Payables | $0 |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $660M |
| TOTAL NON-CURRENT LIABILITIES | $744M |
| TOTAL LIABILITIES | $764M |
| Common Stock | $129.3K |
| Additional Paid-In Capital | $55M |
| Retained Earnings | $92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $905M |
| Total Debt | $104M |
| Net Debt | $68M |
