| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$39M | -$30M | -$24M | -28.4% | -63.7% |
| EPS (Diluted) | $-0.72 | $-0.71 | $-0.10 | -1.4% | -620.0% |
| Free Cash Flow | -$25M | -$18M | -$15M | -40.4% | -68.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $265.0K |
| GROSS PROFIT | -$265.0K |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$265.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$39M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $265.0K |
| EBIT | -$39M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$174M |
| NET CASH FROM INVESTING | -$174M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $311.0K |
| NET CASH FROM FINANCING | $311.0K |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$199M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $438M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $499M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $985.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $512M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$235M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $546.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $485M |
| Minority Interest | $0 |
| TOTAL EQUITY | $485M |
| TOTAL LIABILITIES & EQUITY | $512M |
| Total Debt | $11M |
| Net Debt | -$41M |
