| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $33M | $6M | 3.3% | 417.7% |
| Op. Income | -$35M | -$27M | -$16M | -31.2% | -119.9% |
| Gross Margin | 38.9% | 23.7% | -16.5% | 15.3pp | 55.5pp |
| Net Margin | -146.7% | -116.9% | -687.6% | -29.8pp | 541.0pp |
| EPS (Diluted) | $0.89 | $0.00 | $-0.57 | Infinity% | 256.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $13M |
| R&D Expenses | $7M |
| Selling & Marketing | $28M |
| General & Administrative | $43M |
| SG&A Expenses | $33M |
| Other Expenses | $8M |
| Operating Expenses | $48M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | -$40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $1M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $13M |
| Goodwill | $107M |
| Intangible Assets | $37M |
| Long-Term Investments | $100.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $264M |
| Account Payables | $9M |
| Short-Term Debt | $8M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $106M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $364.0K |
| Other Equity | $43M |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $19M |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $264M |
| Total Debt | $15M |
| Net Debt | -$42M |
