| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $1M | -11.4% | 18.4% |
| Op. Income | -$6M | -$4M | -$3M | -63.7% | -108.3% |
| Gross Margin | -1.0% | 19.5% | 13.4% | -20.6pp | -14.4pp |
| Net Margin | -503.3% | -239.8% | -292.7% | -263.5pp | -210.6pp |
| EPS (Diluted) | $-0.24 | $-0.18 | $-1.06 | -32.0% | 77.2% |
| Free Cash Flow | -$7M | -$4M | -$2M | -101.4% | -339.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$14.3K |
| R&D Expenses | $264.2K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $1M |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $495.2K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $76.8K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$362.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$362.4K |
| Net Debt Issuance | -$29.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $760.5K |
| Inventory | $3M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $26.4K |
| Long-Term Investments | $52.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $74M |
| Account Payables | $487.3K |
| Short-Term Debt | $104.9K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $32.5K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $127.6K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $168M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $74M |
| Total Debt | $200.0K |
| Net Debt | -$66M |
