| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $2M | $2M | 921.0% | 1292.3% |
| Op. Income | $2M | -$8M | -$10M | 126.0% | 120.3% |
| Gross Margin | 85.4% | 96.3% | 100.0% | -10.9pp | -14.6pp |
| Net Margin | 7.2% | -346.6% | -602.5% | 353.8pp | 609.8pp |
| EPS (Diluted) | $0.01 | $-0.07 | $-0.13 | 119.4% | 111.0% |
| Free Cash Flow | -$1M | -$9M | -$9M | 88.1% | 88.1% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $19M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$3M |
| Operating Expenses | $17M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $2M |
| Interest Income | $217.0K |
| Interest Expense | $109.0K |
| Other Income/Expenses | $127.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $500.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $2M |
| EBIT | $1M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $19M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$3M |
| Operating Expenses | $17M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $2M |
| Interest Income | $217.0K |
| Interest Expense | $109.0K |
| Other Income/Expenses | $127.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $500.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $2M |
| EBIT | $1M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $610.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$262.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $20.0K |
| Purchases of Investments | -$30.0K |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $30.0K |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $154.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $42M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $97.0K |
| Additional Paid-In Capital | $395M |
| Retained Earnings | -$368M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $4M |
| Net Debt | -$23M |
