| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $10M | $0 | -100.0% | — |
| Op. Income | -$30M | -$13M | -$19M | -123.0% | -56.5% |
| EPS (Diluted) | $-0.90 | $-0.40 | $-1.47 | -125.0% | 38.8% |
| Free Cash Flow | -$17M | -$10M | -$22M | -72.1% | 24.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $326.0K |
| GROSS PROFIT | -$326.0K |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$30M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $326.0K |
| EBIT | -$30M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $326.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$104.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$160M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | $72.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $157M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $105M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $69M |
| Tax Assets | $0 |
| Other Non-Current Assets | $101.0K |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $225M |
| Account Payables | $8M |
| Short-Term Debt | $589.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $427M |
| Retained Earnings | -$221M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $206M |
| Minority Interest | $0 |
| TOTAL EQUITY | $206M |
| TOTAL LIABILITIES & EQUITY | $225M |
| Total Debt | $2M |
| Net Debt | -$42M |
