Q4 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2025	Q3 2025	Q4 2024	QoQ Change	YoY Change
Revenue	$14M	$15M	$7M	-6.9%	111.2%
Op. Income	-$19M	$6M	-$2M	-400.0%	-756.9%
Gross Margin	100.0%	100.0%	1.2%	0.0pp	98.8pp
Net Margin	-146.9%	27.8%	-29.5%	-174.7pp	-117.4pp
EPS (Diluted)	$-0.56	$0.12	$-0.07	-566.7%	-702.3%

Income Statement

Item	Amount
REVENUE	$14M
Cost of Revenue	$0
GROSS PROFIT	$14M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$33M
Operating Expenses	$33M
Cost & Expenses	$33M
OPERATING INCOME	-$19M
Interest Income	$14M
Interest Expense	$2M
Other Income/Expenses	-$2M
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	$0
EBIT	-$19M
EBITDA	-$19M
EPS	-$1
EPS Diluted	-$1