| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $3M | 7.9% | 24.0% |
| Op. Income | -$17M | -$14M | -$15M | -15.9% | -10.2% |
| Gross Margin | -105.2% | -86.4% | -96.3% | -18.8pp | -8.9pp |
| Net Margin | -897.4% | -397.0% | -468.7% | -500.4pp | -428.7pp |
| EPS (Diluted) | $-0.50 | $-0.21 | $-0.23 | -138.1% | -117.4% |
| Free Cash Flow | -$12M | -$14M | -$12M | 10.2% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $8M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | -$37.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$17M |
| Interest Income | $351.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $3M |
| EBIT | -$17M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$991.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15.9K |
| Sales/Maturities of Investments | $506.4K |
| Other Investing Activities | -$212.1K |
| NET CASH FROM INVESTING | -$713.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $10M |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $33M |
| Goodwill | $316.0K |
| Intangible Assets | $60M |
| Long-Term Investments | $361.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $162M |
| Account Payables | $3M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $17.0K |
| Deferred Tax Liabilities | $600.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $198.0K |
| Additional Paid-In Capital | $588M |
| Retained Earnings | -$449M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $162M |
| Total Debt | $8M |
| Net Debt | -$41M |
