| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $718.0K | $132.0K | $76.0K | 443.9% | 844.7% |
| Op. Income | -$12M | -$13M | -$11M | 1.8% | -14.7% |
| Gross Margin | 60.6% | 87.1% | 100.0% | -26.5pp | -39.4pp |
| Net Margin | 1346.0% | -9210.6% | -12175.0% | 10556.6pp | 13521.0pp |
| EPS (Diluted) | $0.12 | $-0.17 | $-0.13 | 170.6% | 192.3% |
| Free Cash Flow | -$10M | -$13M | -$10M | 19.1% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $718.0K |
| Cost of Revenue | $44.0K |
| GROSS PROFIT | $435.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$283.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $43.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $17.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $134.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $56M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4M |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $151M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $452M |
| Retained Earnings | -$322M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$202.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $131M |
| Minority Interest | $0 |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $13M |
| Net Debt | $266.0K |
