| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $243M | $230M | — | 5.8% | — |
| Op. Income | -$17M | -$26M | — | 34.3% | — |
| Gross Margin | 67.9% | 66.1% | — | 1.8pp | — |
| Net Margin | -5.0% | -9.3% | — | 4.3pp | — |
| EPS (Diluted) | $-0.03 | $-0.06 | — | 42.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $243M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $165M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $1 |
| Operating Expenses | $182M |
| Cost & Expenses | $260M |
| OPERATING INCOME | -$17M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$152.6K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $0 |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $396M |
| Net Receivables | $0 |
| Inventory | $8M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $217M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $81M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $324M |
| TOTAL ASSETS | $906M |
| Account Payables | $0 |
| Short-Term Debt | $35M |
| Deferred Revenue | $335M |
| Other Current Liabilities | $251M |
| TOTAL CURRENT LIABILITIES | $621M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $1 |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $723M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$907M |
| Treasury Stock | -$73M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $0 |
| TOTAL EQUITY | $183M |
| TOTAL LIABILITIES & EQUITY | $906M |
| Total Debt | $86M |
| Net Debt | -$19M |
