| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $7M | 23.1% | -7.9% |
| Op. Income | -$3M | -$6M | -$7M | 42.9% | 51.9% |
| Gross Margin | 18.1% | 10.7% | -14.9% | 7.4pp | 32.9pp |
| Net Margin | -60.3% | -68.9% | -5.3% | 8.5pp | -55.0pp |
| EPS (Diluted) | $-0.16 | $-0.14 | $-0.19 | -14.3% | 15.8% |
| Free Cash Flow | $3M | -$3M | -$7M | 185.8% | 143.1% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $1M |
| R&D Expenses | $773.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$3M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $471.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $514.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $547.0K |
| Stock-Based Compensation | $791.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $770.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$203.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$203.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$169.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $791.0K |
| NET CASH FROM FINANCING | -$33.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $200.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $315.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $151M |
| Account Payables | $4M |
| Short-Term Debt | $331.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $718.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $513M |
| Retained Earnings | -$358M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $856.0K |
| Net Debt | -$128M |
