| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$38M | -$33M | -$30M | -15.5% | -28.0% |
| EPS (Diluted) | $-0.87 | $-0.66 | $-0.11 | -31.8% | -676.8% |
| Free Cash Flow | -$28M | -$25M | -$23M | -12.4% | -20.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $499.0K |
| GROSS PROFIT | -$499.0K |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$499.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$38M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $499.0K |
| EBIT | -$38M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $499.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $577.0K |
| Change in Working Capital | -$311.0K |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$121M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $153M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $350M |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $397M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $844M |
| Retained Earnings | -$490M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $110.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $355M |
| Minority Interest | $0 |
| TOTAL EQUITY | $355M |
| TOTAL LIABILITIES & EQUITY | $397M |
| Total Debt | $23M |
| Net Debt | -$166M |
