| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $385.0K | $14M | $3M | -97.3% | -87.3% |
| Op. Income | -$26M | -$15M | -$53M | -70.4% | 50.8% |
| Gross Margin | -3.9% | 97.2% | 89.1% | -101.1pp | -93.0pp |
| Net Margin | -6093.8% | -51.0% | -1513.0% | -6042.7pp | -4580.7pp |
| EPS (Diluted) | $-0.38 | $-0.18 | $-1.14 | -111.1% | 66.7% |
| Free Cash Flow | -$27M | $3M | -$46M | -979.9% | 40.8% |
| Item | Amount |
|---|---|
| REVENUE | $385.0K |
| Cost of Revenue | $400.0K |
| GROSS PROFIT | -$15.0K |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$4M |
| Operating Expenses | $26M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$2M |
| 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 | $400.0K |
| EBIT | -$29M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $400.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $623.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$134.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$379M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$406M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $338M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$482M |
| Treasury Stock | -$385M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $303M |
| Minority Interest | $0 |
| TOTAL EQUITY | $303M |
| TOTAL LIABILITIES & EQUITY | $338M |
| Total Debt | $17M |
| Net Debt | -$271M |
