| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $496.2K | $302.5K | $28.1K | 64.0% | 1666.4% |
| Op. Income | -$5M | -$3M | -$19M | -85.0% | 74.6% |
| Gross Margin | 38.9% | 100.0% | -10939.5% | -61.1pp | 10978.4pp |
| Net Margin | -8013.6% | 2190.2% | -71031.1% | -10203.8pp | 63017.6pp |
| EPS (Diluted) | $-6.29 | $1.85 | $-23.44 | -440.0% | 73.2% |
| Free Cash Flow | -$4M | -$3M | -$6M | -44.9% | 33.6% |
| Item | Amount |
|---|---|
| REVENUE | $496.2K |
| Cost of Revenue | $303.2K |
| GROSS PROFIT | $193.0K |
| R&D Expenses | $189.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$5M |
| Interest Income | $138.9K |
| Interest Expense | $224.8K |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $0 |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $66M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$136.8K |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $802.3K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $17M |
| Goodwill | $21M |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $230.4K |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $52M |
| Account Payables | $317.9K |
| Short-Term Debt | $512.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $876 |
| Additional Paid-In Capital | $282M |
| Retained Earnings | -$241M |
| Treasury Stock | -$253.6K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $9M |
| Net Debt | $2M |
