| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $3.0K | — | -100.0% |
| Op. Income | -$23M | -$23M | -$25M | -2.6% | 7.6% |
| EPS (Diluted) | $-0.58 | $-0.71 | $-0.51 | 18.3% | -13.7% |
| Free Cash Flow | -$21M | -$23M | -$17M | 6.1% | -23.6% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $279.0K |
| GROSS PROFIT | -$279.0K |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$23M |
| Interest Income | $645.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $279.0K |
| EBIT | -$23M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $279.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$218.0K |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$3.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3.0K |
| Net Debt Issuance | -$119.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $88M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $337.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $121M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $566M |
| Retained Earnings | -$556M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $121M |
| Total Debt | $62M |
| Net Debt | -$20M |
