| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $181M | — | -43.7% | — |
| Op. Income | -$7M | $14M | — | -148.9% | — |
| Gross Margin | 0.7% | 4.0% | — | -3.3pp | — |
| Net Margin | -97.7% | 6.4% | — | -104.0pp | — |
| EPS (Diluted) | $-0.61 | $0.07 | — | -998.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $702.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $8M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$7M |
| Interest Income | $597.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $0 |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $89M |
| Inventory | $145.0K |
| Other Current Assets | $182M |
| TOTAL CURRENT ASSETS | $299M |
| PP&E (Net) | $21M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $177.0K |
| Tax Assets | $11M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $337M |
| Account Payables | $5M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $94M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $213M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $123M |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $113M |
| Net Debt | $85M |
