| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $717.5K | — | 226.2% |
| Op. Income | -$1M | — | -$8.3K | — | -12369.9% |
| Gross Margin | 39.0% | — | 45.7% | — | -6.7pp |
| Net Margin | -37.5% | — | 4.4% | — | -41.9pp |
| EPS (Diluted) | $-0.94 | — | $0.02 | — | -4118.8% |
| Free Cash Flow | $88.0K | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $913.4K |
| R&D Expenses | $71.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $1 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $57 |
| Interest Expense | $27.5K |
| Other Income/Expenses | $150.3K |
| INCOME BEFORE TAX | -$885.1K |
| Income Tax Expense | $1.7K |
| Net Income from Continuing Ops | -$886.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | -$877.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$877.0K |
| D&A | $261.1K |
| EBIT | -$1M |
| EBITDA | -$774.3K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$877.0K |
| Depreciation & Amortization | $261.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.6K |
| Other Non-Cash Items | $711.4K |
| Change in Working Capital | $612.5K |
| OPERATING CASH FLOW | $709.6K |
| Capital Expenditure | -$621.6K |
| Acquisitions (Net) | $1.2K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $806.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $45.1K |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $88.0K |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $246.2K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $763.7K |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $34.0K |
| Other Non-Current Assets | $33.4K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $21M |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $6.0K |
| Other Current Liabilities | $375.8K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $146.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $216.5K |
| TOTAL LIABILITIES | $3M |
| Common Stock | -$2M |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $1M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $149.9K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $22.0K |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $3M |
| Net Debt | -$375.8K |
