| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $12M | 17.8% | -23.1% |
| Op. Income | -$4M | -$6M | $11.0K | 33.2% | -34381.8% |
| Gross Margin | 54.9% | 48.1% | 69.6% | 6.8pp | -14.8pp |
| Net Margin | -41.7% | -73.6% | 0.1% | 31.9pp | -41.8pp |
| EPS (Diluted) | $-0.71 | $-1.09 | $0.00 | 34.9% | -33909.5% |
| Free Cash Flow | -$6M | -$1M | -$3M | -465.2% | -108.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $126.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $5M |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$4M |
| Interest Income | $8M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $174.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $505.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $660.0K |
| Other Investing Activities | -$970.0K |
| NET CASH FROM INVESTING | -$328.0K |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $356.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $44M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $610M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $633M |
| TOTAL ASSETS | $730M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $662M |
| TOTAL CURRENT LIABILITIES | $662M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $700M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$65M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $730M |
| Total Debt | $29M |
| Net Debt | -$21M |
