| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$67M | -$52M | -$40M | -29.1% | -68.0% |
| EPS (Diluted) | $-0.18 | $-0.14 | $-0.14 | -28.6% | -28.6% |
| Free Cash Flow | -$26M | -$61M | -$40M | 56.5% | 33.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $388.0K |
| GROSS PROFIT | -$388.0K |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$67M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | -$95.0K |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $388.0K |
| EBIT | -$67M |
| EBITDA | -$67M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $388.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$837.0K |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$464.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $117M |
| Other Investing Activities | -$47M |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $283M |
| Net Receivables | $54.0K |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $411M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19.0K |
| Tax Assets | $4M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $435M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $176M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $311M |
| Common Stock | $348.0K |
| Additional Paid-In Capital | $831M |
| Retained Earnings | -$707M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $435M |
| Total Debt | $180M |
| Net Debt | $77M |
