| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $42M | $35M | 6.0% | 28.5% |
| Op. Income | -$15M | $574.5K | -$30M | -2714.6% | 50.4% |
| Gross Margin | 48.0% | 74.6% | 72.9% | -26.6pp | -24.9pp |
| Net Margin | -61.8% | -3.8% | -154.7% | -57.9pp | 92.9pp |
| EPS (Diluted) | $-44.42 | $-2.56 | $-89.13 | -1637.1% | 50.2% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $21M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$15M |
| Interest Income | $790.2K |
| Interest Expense | $0 |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $16M |
| EBIT | -$15M |
| EBITDA | $1M |
| EPS | -$44 |
| EPS Diluted | -$44 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220M |
| Short-Term Investments | $1M |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $473M |
| PP&E (Net) | $8M |
| Goodwill | $75M |
| Intangible Assets | $0 |
| Long-Term Investments | $101M |
| Tax Assets | $17M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $212M |
| TOTAL ASSETS | $685M |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $334M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $398M |
| Common Stock | $37.1K |
| Additional Paid-In Capital | $400M |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $235M |
| Minority Interest | $51M |
| TOTAL EQUITY | $286M |
| TOTAL LIABILITIES & EQUITY | $685M |
| Total Debt | $0 |
| Net Debt | -$220M |
