FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$43M	—	$51M	—	-16.0%
Op. Income	-$8M	—	$7M	—	-219.0%
Gross Margin	85.4%	—	31.3%	—	54.1pp
Net Margin	-33.9%	—	13.0%	—	-46.9pp
EPS (Diluted)	$-0.38	—	$0.24	—	-258.3%

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$6M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$520.0K
SG&A Expenses	$520.0K
Other Expenses	$44M
Operating Expenses	$45M
Cost & Expenses	$51M
OPERATING INCOME	-$8M
Interest Income	$43M
Interest Expense	$11M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	-$14M
Income Tax Expense	-$6.0K
Net Income from Continuing Ops	-$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$14M
D&A	$0
EBIT	-$8M
EBITDA	-$8M
EPS	-$0
EPS Diluted	-$0