| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $20M | $47M | -83.5% | -93.1% |
| Op. Income | -$11M | -$23M | -$33M | 52.4% | 66.0% |
| Gross Margin | 83.5% | 48.5% | 46.9% | 35.0pp | 36.6pp |
| Net Margin | 598.5% | -177.4% | -72.9% | 775.9pp | 671.4pp |
| EPS (Diluted) | $0.05 | $-0.09 | $-0.09 | 155.3% | 155.7% |
| Free Cash Flow | -$2M | -$23M | -$17M | 92.8% | 90.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $532.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$19M |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$11M |
| Interest Income | $2M |
| Interest Expense | $5.0K |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $1M |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$476.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $46.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$126.0K |
| NET CASH FROM FINANCING | $620.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $69M |
| Net Receivables | $13M |
| Inventory | $20M |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $26M |
| Tax Assets | $39M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $568M |
| Account Payables | $5M |
| Short-Term Debt | $5M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $810.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $404.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $424M |
| Minority Interest | $0 |
| TOTAL EQUITY | $424M |
| TOTAL LIABILITIES & EQUITY | $568M |
| Total Debt | $31M |
| Net Debt | -$87M |
