| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $3M | — | -100.0% |
| Op. Income | -$63M | -$60M | -$83M | -4.5% | 24.2% |
| EPS (Diluted) | $-0.76 | $-0.65 | $-1.28 | -16.9% | 40.6% |
| Free Cash Flow | -$52M | -$42M | -$43M | -24.8% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $776.0K |
| GROSS PROFIT | -$776.0K |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$63M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $776.0K |
| EBIT | -$63M |
| EBITDA | -$62M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $776.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $433M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | $381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $661M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $210.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $683M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$728M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $634M |
| Minority Interest | $0 |
| TOTAL EQUITY | $634M |
| TOTAL LIABILITIES & EQUITY | $683M |
| Total Debt | $4M |
| Net Debt | -$650M |
