| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | 9.3% | 4.4% |
| Op. Income | -$2M | -$3M | -$2M | 9.4% | -2.3% |
| Gross Margin | 68.2% | 65.2% | 64.8% | 3.1pp | 3.4pp |
| Net Margin | -99.9% | 21.1% | -63.2% | -121.0pp | -36.7pp |
| EPS (Diluted) | $-1.50 | $0.56 | $-0.44 | -367.9% | -240.9% |
| Free Cash Flow | -$3M | -$3M | -$2M | 7.0% | -97.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $770.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $884.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $361.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $90.0K |
| Stock-Based Compensation | $24.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32.0K |
| Change in Working Capital | -$690.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $698.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $661.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $271.0K |
| TOTAL NON-CURRENT ASSETS | $932.0K |
| TOTAL ASSETS | $6M |
| Account Payables | $2M |
| Short-Term Debt | $261.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $545.0K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $389.0K |
| TOTAL NON-CURRENT LIABILITIES | $456.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $0 |
| Additional Paid-In Capital | $319M |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $328.0K |
| Net Debt | -$757.0K |
