| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | — | $54M | — | -52.1% |
| Op. Income | -$42M | — | -$5M | — | -673.6% |
| Gross Margin | 84.9% | — | 91.4% | — | -6.5pp |
| Net Margin | -165.0% | — | -10.5% | — | -154.5pp |
| EPS (Diluted) | $-1.02 | — | $-0.14 | — | -628.6% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$42M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$391.8K |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $0 |
| EBIT | -$43M |
| EBITDA | -$43M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $1M |
| Net Receivables | $3.2K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $657M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.3K |
| TOTAL NON-CURRENT ASSETS | $657M |
| TOTAL ASSETS | $668M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $509M |
| Retained Earnings | $114M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $624M |
| Minority Interest | $0 |
| TOTAL EQUITY | $624M |
| TOTAL LIABILITIES & EQUITY | $668M |
| Total Debt | $0 |
| Net Debt | -$10M |
