| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $164M | $137M | $272M | 19.9% | -39.6% |
| Op. Income | -$100M | -$93M | -$189M | -6.9% | 47.2% |
| Gross Margin | 10.1% | 7.9% | -10.9% | 2.2pp | 20.9pp |
| Net Margin | -52.5% | -47.6% | -160.7% | -4.9pp | 108.3pp |
| EPS (Diluted) | $-0.14 | $-0.10 | $-0.65 | -40.0% | 78.5% |
| Item | Amount |
|---|---|
| REVENUE | $164M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $17M |
| R&D Expenses | $41M |
| Selling & Marketing | $32M |
| General & Administrative | -$8M |
| SG&A Expenses | $24M |
| Other Expenses | $51M |
| Operating Expenses | $116M |
| Cost & Expenses | $281M |
| OPERATING INCOME | -$100M |
| Interest Income | $5M |
| Interest Expense | $22M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$87M |
| Income Tax Expense | -$849.3K |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $10M |
| EBIT | -$58M |
| EBITDA | -$48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $121M |
| Other Current Assets | $376M |
| TOTAL CURRENT ASSETS | $911M |
| PP&E (Net) | $227M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $650M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $513M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $18M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $378M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $698.0K |
| Other Non-Current Liabilities | $439M |
| TOTAL NON-CURRENT LIABILITIES | $885M |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$3.2B |
| Treasury Stock | -$138M |
| Accum. Other Comp. Income | $40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | -$8M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.8B |
| Net Debt | $1.8B |
