| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $5M | $6M | -65.6% | -68.0% |
| Op. Income | -$8M | -$7M | -$6M | -19.8% | -28.5% |
| Gross Margin | 14.9% | 16.5% | 15.5% | -1.6pp | -0.6pp |
| Net Margin | -384.7% | -48.8% | -66.9% | -335.9pp | -317.8pp |
| EPS (Diluted) | $-0.56 | $-0.24 | $-0.36 | -133.3% | -55.6% |
| Free Cash Flow | -$5M | -$4M | -$2M | -41.3% | -114.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $278.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$8M |
| Interest Income | $690.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $707.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $690.0K |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $690.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21.1K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | -$8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$339.9K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $48M |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $359.0K |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $33.0K |
| Long-Term Investments | $467.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $86M |
| Account Payables | $4M |
| Short-Term Debt | $623.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $472.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $258.0K |
| Additional Paid-In Capital | $272M |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $9M |
| Net Debt | $4M |
