| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788.0K | $622.0K | $592.0K | 26.7% | 33.1% |
| Op. Income | -$8M | -$4M | -$5M | -127.0% | -62.4% |
| Gross Margin | 57.7% | 46.1% | 23.3% | 11.6pp | 34.4pp |
| Net Margin | -274.5% | -387.3% | -444.8% | 112.8pp | 170.3pp |
| EPS (Diluted) | $-0.11 | $-0.12 | $-0.24 | 8.3% | 54.2% |
| Free Cash Flow | $0 | -$2M | -$3M | 100.0% | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $788.0K |
| Cost of Revenue | $333.0K |
| GROSS PROFIT | $455.0K |
| R&D Expenses | $701.0K |
| Selling & Marketing | $966.0K |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$8M |
| Interest Income | $978.0K |
| Interest Expense | $9.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $19.0K |
| 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 | $2.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$857.2K |
| Change in Working Capital | -$141.2K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.2K |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $96.0K |
| Net Receivables | $300.0K |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $563.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158.0K |
| TOTAL NON-CURRENT ASSETS | $721.0K |
| TOTAL ASSETS | $121M |
| Account Payables | $1M |
| Short-Term Debt | $342.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $369.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $646.0K |
| TOTAL LIABILITIES | $25M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $422M |
| Retained Earnings | -$325M |
| Treasury Stock | -$502.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $121M |
| Total Debt | $619.0K |
| Net Debt | -$100M |
