| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0K | $15.0K | $11.0K | -60.0% | -45.5% |
| Op. Income | -$62M | -$37M | -$201M | -66.5% | 69.2% |
| Gross Margin | -39850.0% | 100.0% | 100.0% | -39950.0pp | -39950.0pp |
| Net Margin | -2345383.3% | -258973.3% | -1744863.6% | -2086410.0pp | -600519.7pp |
| EPS (Diluted) | $-6.62 | $-2.13 | $-0.72 | -210.8% | -819.4% |
| Free Cash Flow | -$61M | -$29M | -$47M | -113.7% | -29.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$12M |
| Operating Expenses | $50M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$62M |
| Interest Income | -$10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | -$141M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$141M |
| D&A | $2M |
| EBIT | -$62M |
| EBITDA | -$59M |
| EPS | -$11 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$141M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $672.0K |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$366.0K |
| Acquisitions (Net) | -$41M |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $222.0K |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $187M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $261M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $340M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $517.0K |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $92M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $242.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $340M |
| Total Debt | $42M |
| Net Debt | -$18M |
