| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | — | $63M | — | -35.6% |
| Op. Income | -$12M | — | -$16M | — | 21.0% |
| Gross Margin | 9.3% | — | 25.2% | — | -15.9pp |
| Net Margin | -19.9% | — | -25.8% | — | 5.9pp |
| EPS (Diluted) | $-0.22 | — | $-0.44 | — | 50.0% |
| Free Cash Flow | -$5M | — | $4M | — | -208.8% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $4M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$6M |
| Operating Expenses | $10M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$12M |
| Interest Income | $1M |
| Interest Expense | $338.0K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $713.0K |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $3M |
| EBIT | -$12M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $565.0K |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $123.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $202.7K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $34M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $102M |
| Goodwill | $0 |
| Intangible Assets | $454.0K |
| Long-Term Investments | $0 |
| Tax Assets | $64M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $352M |
| Account Payables | $21M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $579.0K |
| Additional Paid-In Capital | $282M |
| Retained Earnings | $215M |
| Treasury Stock | -$230M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $352M |
| Total Debt | $47M |
| Net Debt | -$57M |
