| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $329M | $312M | — | 5.7% | — |
| Op. Income | -$150M | -$2M | — | -7427.6% | — |
| Gross Margin | -28.6% | 13.6% | — | -42.3pp | — |
| Net Margin | -24.6% | -4.1% | — | -20.5pp | — |
| EPS (Diluted) | $-0.43 | $-0.07 | — | -531.4% | — |
| Free Cash Flow | -$20M | $578.0K | — | -3563.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $329M |
| Cost of Revenue | $424M |
| GROSS PROFIT | -$94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $24M |
| Operating Expenses | $56M |
| Cost & Expenses | $479M |
| OPERATING INCOME | -$150M |
| Interest Income | $801.0K |
| Interest Expense | $7M |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $29M |
| EBIT | -$127M |
| EBITDA | -$97M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $131.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $11M |
| Net Receivables | $272M |
| Inventory | $306M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $734M |
| PP&E (Net) | $487M |
| Goodwill | $12M |
| Intangible Assets | $133M |
| Long-Term Investments | $28M |
| Tax Assets | $5M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $687M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $145M |
| Short-Term Debt | $118M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $177M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $118M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $729M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $692M |
| TOTAL STOCKHOLDERS' EQUITY | $692M |
| Minority Interest | $0 |
| TOTAL EQUITY | $692M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $293M |
| Net Debt | $170M |
