| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$22M | -$24M | -$13M | 10.0% | -74.3% |
| EPS (Diluted) | $-1.25 | $-1.90 | $-0.78 | 34.2% | -60.3% |
| Free Cash Flow | -$16M | -$16M | -$11M | -2.4% | -45.6% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $49.0K |
| GROSS PROFIT | -$49.0K |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$22M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | -$181.0K |
| EBIT | $60M |
| EBITDA | $59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | -$439.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$191.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$7.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $135M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $167M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $168M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $21M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$555M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $148M |
| Minority Interest | $0 |
| TOTAL EQUITY | $148M |
| TOTAL LIABILITIES & EQUITY | $168M |
| Total Debt | $2M |
| Net Debt | -$27M |
