| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $945.0K | $887.0K | $2M | 6.5% | -50.5% |
| Op. Income | -$16M | -$20M | -$15M | 18.8% | -9.2% |
| Gross Margin | -924.4% | -130.1% | -31.2% | -794.3pp | -893.3pp |
| Net Margin | -7191.7% | 54.5% | -1688.6% | -7246.2pp | -5503.1pp |
| EPS (Diluted) | $-0.50 | $-0.12 | $-0.27 | -316.7% | -85.2% |
| Free Cash Flow | -$16M | -$9M | -$12M | -77.9% | -32.4% |
| Item | Amount |
|---|---|
| REVENUE | $945.0K |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$6M |
| Operating Expenses | $7M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $1M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$86.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | -$114.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$30.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $405.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $107M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $157M |
| PP&E (Net) | $27M |
| Goodwill | $19M |
| Intangible Assets | $42M |
| Long-Term Investments | $1M |
| Tax Assets | $1M |
| Other Non-Current Assets | $561.0K |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $248M |
| Account Payables | $661.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $491.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $334M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $962M |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$693.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$86M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$86M |
| TOTAL LIABILITIES & EQUITY | $248M |
| Total Debt | $289M |
| Net Debt | $244M |
