| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $2M | $11M | 274.1% | -22.5% |
| Op. Income | -$16M | -$18M | -$16M | 13.9% | 1.5% |
| Gross Margin | 99.9% | -109.2% | 100.0% | 209.1pp | -0.1pp |
| Net Margin | -169.3% | -738.1% | -121.0% | 568.8pp | -48.3pp |
| EPS (Diluted) | $-0.11 | $-0.14 | $-0.12 | 21.4% | 8.3% |
| Free Cash Flow | -$6M | -$10M | -$4M | 42.9% | -45.0% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $9.0K |
| GROSS PROFIT | $8M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$4M |
| Operating Expenses | $16M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$367.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $8M |
| EBIT | -$16M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$106.0K |
| Other Non-Cash Items | $213.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$50.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $29M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $25M |
| Goodwill | $84M |
| Intangible Assets | $125M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $236M |
| TOTAL ASSETS | $301M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $785.0K |
| Other Non-Current Liabilities | $393.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $433M |
| Retained Earnings | -$166M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $267M |
| Minority Interest | $0 |
| TOTAL EQUITY | $267M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $20M |
| Net Debt | -$5M |
