| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $860.0K | $761.0K | 93.1% | 118.3% |
| Op. Income | -$9M | -$8M | -$6M | -15.5% | -43.6% |
| Gross Margin | 15.6% | 46.4% | 27.2% | -30.8pp | -11.6pp |
| Net Margin | -89.9% | -434.9% | -6960.4% | 345.0pp | 6870.6pp |
| EPS (Diluted) | $-0.04 | $-0.09 | $-2.02 | 60.8% | 98.3% |
| Free Cash Flow | -$9M | -$7M | -$5M | -31.0% | -69.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $259.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $118.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$9M |
| Interest Income | $432.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $434.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $434.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$236.0K |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $29M |
| Net Receivables | $4M |
| Inventory | $339.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $18M |
| Goodwill | $15M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $460.0K |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $96M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| 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 | $6M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $96M |
| Total Debt | $11M |
| Net Debt | -$7M |
