| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $451.0K | $552.0K | $1M | -18.3% | -62.2% |
| Op. Income | -$21M | -$40M | -$31M | 47.0% | 31.2% |
| Gross Margin | -960.5% | 35.1% | 51.2% | -995.7pp | -1011.7pp |
| Net Margin | -3904.9% | -6467.9% | -2778.6% | 2563.1pp | -1126.3pp |
| EPS (Diluted) | $-0.08 | $-0.17 | $-0.23 | 50.5% | 63.4% |
| Free Cash Flow | -$16M | -$33M | -$24M | 50.4% | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $451.0K |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | -$1M |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$21M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $1M |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$790.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | $17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | $54.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $141M |
| Net Receivables | $561.0K |
| Inventory | $3M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $176M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $246M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $918M |
| Retained Earnings | -$698M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $246M |
| Total Debt | $4M |
| Net Debt | -$17M |
