| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $260.0K | $1M | 338.1% | -23.4% |
| Op. Income | -$3M | -$11M | -$34M | 73.9% | 91.4% |
| Gross Margin | -142.6% | 53.5% | 40.0% | -196.0pp | -182.6pp |
| Net Margin | -2015.4% | -4174.6% | -2255.1% | 2159.3pp | 239.8pp |
| EPS (Diluted) | $-0.75 | $-0.34 | $-1.93 | -120.6% | 61.1% |
| Free Cash Flow | -$7M | -$6M | -$6M | -26.5% | -26.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $6M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | -$9M |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $26.0K |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $563.0K |
| EBIT | -$10M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $563.0K |
| Stock-Based Compensation | $721.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$178.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$74.0K |
| NET CASH FROM FINANCING | -$252.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $446.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $607.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $26M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $369M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$401M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $86.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$31M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$31M |
| TOTAL LIABILITIES & EQUITY | $26M |
| Total Debt | $3M |
| Net Debt | -$8M |
