| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $1M | -11.9% | 112.4% |
| Op. Income | -$3M | -$2M | -$1M | -70.6% | -79.3% |
| Gross Margin | 25.0% | 67.2% | 72.3% | -42.1pp | -47.3pp |
| Net Margin | -105.3% | -61.2% | -779.1% | -44.1pp | 673.8pp |
| EPS (Diluted) | $-52.04 | $-34.33 | $-108.28 | -51.6% | 51.9% |
| Free Cash Flow | -$1M | -$1M | -$2M | 18.8% | 25.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $569.0K |
| R&D Expenses | $172.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $5.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $171.0K |
| 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 | $98.0K |
| EBIT | -$1M |
| EBITDA | -$940.0K |
| EPS | -$52 |
| EPS Diluted | -$52 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $115.0K |
| Stock-Based Compensation | -$55.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$85.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$85.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$49.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52.0K |
| NET CASH FROM FINANCING | -$101.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $102.0K |
| Inventory | $374.0K |
| Other Current Assets | $413.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $964.0K |
| Goodwill | $0 |
| Intangible Assets | $25.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $123.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $3M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $786.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $44.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $45.0K |
| Additional Paid-In Capital | $29M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $926.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $926.0K |
| TOTAL LIABILITIES & EQUITY | $3M |
| Total Debt | $84.0K |
| Net Debt | -$1M |
