| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365.0K | $137.0K | $603.0K | 166.4% | -39.5% |
| Op. Income | -$5M | -$7M | -$4M | 26.1% | -26.1% |
| Gross Margin | -6.0% | 91.2% | 87.9% | -97.3pp | -93.9pp |
| Net Margin | -1491.5% | -5270.8% | -676.8% | 3779.3pp | -814.7pp |
| EPS (Diluted) | $-0.24 | $-0.39 | $-0.27 | 38.5% | 11.1% |
| Free Cash Flow | -$5M | -$5M | -$3M | -7.3% | -62.0% |
| Item | Amount |
|---|---|
| REVENUE | $365.0K |
| Cost of Revenue | $387.0K |
| GROSS PROFIT | -$22.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$45.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $279.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $278.0K |
| Stock-Based Compensation | $376.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97.0K |
| Change in Working Capital | -$603.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$188.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $349.0K |
| NET CASH FROM INVESTING | -$64.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$58.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$59.0K |
| NET CASH FROM FINANCING | $777.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $104.0K |
| Inventory | $0 |
| Other Current Assets | $686.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $100.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $76.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $10M |
| Account Payables | $423.0K |
| Short-Term Debt | $655.0K |
| Deferred Revenue | $40.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $330.0K |
| TOTAL NON-CURRENT LIABILITIES | $499.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$132M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $824.0K |
| Net Debt | -$4M |
