| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$14M | -$16M | -$34M | 8.9% | 58.2% |
| EPS (Diluted) | $-0.99 | $-1.09 | $-2.64 | 9.2% | 62.5% |
| Free Cash Flow | -$12M | -$13M | -$21M | 11.7% | 45.3% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $202.0K |
| GROSS PROFIT | -$202.0K |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$202.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$14M |
| Interest Income | $628.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $622.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| 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 | $202.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $202.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $240.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $273.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $62M |
| Account Payables | $1M |
| Short-Term Debt | $549.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.0K |
| TOTAL NON-CURRENT LIABILITIES | $12.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $270M |
| Retained Earnings | -$214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | $0 |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $549.0K |
| Net Debt | -$59M |
