| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $21M | — | 36.2% |
| Op. Income | $1M | — | $113.2K | — | 1064.4% |
| Gross Margin | 36.7% | — | 41.9% | — | -5.3pp |
| Net Margin | -83.3% | — | 8.5% | — | -91.8pp |
| EPS (Diluted) | $-0.82 | — | $0.06 | — | -1399.5% |
| Free Cash Flow | $12M | — | $9M | — | 39.3% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $11M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $1M |
| Interest Income | $67.6K |
| Interest Expense | $49.9K |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $379.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $7M |
| EBIT | -$24M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$30 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$239.8K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $39.3K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $333.4K |
| Goodwill | $0 |
| Intangible Assets | $60M |
| Long-Term Investments | $481.9K |
| Tax Assets | $0 |
| Other Non-Current Assets | $384.1K |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $78M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $794.2K |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $494.0K |
| TOTAL NON-CURRENT LIABILITIES | $494.0K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $887 |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | -$144.3K |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $78M |
| Total Debt | $4M |
| Net Debt | -$480.3K |
