| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $3M | 57.8% | 52.5% |
| Op. Income | -$2M | -$1M | -$8M | -83.0% | 74.7% |
| Gross Margin | 64.2% | 53.8% | 11.0% | 10.4pp | 53.3pp |
| Net Margin | -6862.0% | 6566.2% | -152.5% | -13428.2pp | -6709.5pp |
| EPS (Diluted) | $-33.37 | $16.97 | $-73.54 | -296.6% | 54.6% |
| Free Cash Flow | -$8M | -$4M | -$5M | -73.6% | -48.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $347.0K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $24.9K |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $25.7K |
| Other Income/Expenses | -$371M |
| INCOME BEFORE TAX | -$373M |
| Income Tax Expense | -$49M |
| Net Income from Continuing Ops | -$324M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$324M |
| Net Income Deductions | -$222.7K |
| BOTTOM LINE NET INCOME | -$322M |
| D&A | $350.2K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$33 |
| EPS Diluted | -$33 |
| Item | Amount |
|---|---|
| Net Income | -$324M |
| Depreciation & Amortization | $350.2K |
| Stock-Based Compensation | $125.0K |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | $371M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $4 |
| Acquisitions (Net) | -$45.1K |
| Purchases of Investments | $21M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | -$2.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245.3K |
| Short-Term Investments | $0 |
| Net Receivables | $347.8K |
| Inventory | $2M |
| Other Current Assets | $510.4K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $92M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18.0K |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $109M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $220.8K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $962 |
| Additional Paid-In Capital | $310M |
| Retained Earnings | -$212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $5M |
| Net Debt | $4M |
