| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $697.0K | $152.0K | 650.1% | 3339.5% |
| Op. Income | -$9M | -$5M | -$3M | -80.8% | -182.1% |
| Gross Margin | 96.6% | 85.2% | -1.3% | 11.3pp | 97.9pp |
| Net Margin | 6227.0% | -50612.3% | -2584.2% | 56839.4pp | 8811.2pp |
| EPS (Diluted) | $4.25 | $-32.89 | $-1.45 | 112.9% | 393.1% |
| Free Cash Flow | -$6M | -$4M | -$2M | -52.7% | -159.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $180.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $886.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | -$2.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | -$1M |
| Other Income/Expenses | $334M |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $326M |
| D&A | -$680.0K |
| EBIT | $326M |
| EBITDA | $325M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $326M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$339M |
| Change in Working Capital | -$319.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$159M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | $680.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$680.0K |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $1.1K |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $197M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $304M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $44.0K |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$213M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$261.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $301M |
| Minority Interest | $0 |
| TOTAL EQUITY | $301M |
| TOTAL LIABILITIES & EQUITY | $304M |
| Total Debt | $0 |
| Net Debt | -$7M |
