| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.0K | $2M | $2M | -99.1% | -99.0% |
| Op. Income | -$27M | -$40M | -$65M | 32.4% | 58.1% |
| Gross Margin | -4385.7% | -1098.3% | 100.0% | -3287.5pp | -4485.7pp |
| Net Margin | -102804.8% | -1513.1% | -2729.9% | -101291.7pp | -100074.9pp |
| EPS (Diluted) | $-0.40 | $-0.68 | $-1.08 | 41.2% | 63.0% |
| Free Cash Flow | -$27M | -$41M | -$48M | 33.1% | 43.2% |
| Item | Amount |
|---|---|
| REVENUE | $21.0K |
| Cost of Revenue | $942.0K |
| GROSS PROFIT | -$921.0K |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$942.0K |
| Operating Expenses | $26M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$27M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $942.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $876.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$4.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4.9K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$170.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $138.6K |
| NET CASH FROM FINANCING | -$4.7K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $308M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $860.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $482.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $327M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $538.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $280M |
| Minority Interest | $0 |
| TOTAL EQUITY | $280M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $14M |
| Net Debt | -$294M |
