| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$72M | -$84M | -$66M | 14.7% | -8.9% |
| EPS (Diluted) | $-0.77 | $-0.90 | $-0.79 | 14.4% | 2.5% |
| Free Cash Flow | -$66M | -$83M | -$53M | 19.9% | -25.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$72M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $627.0K |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | -$311.0K |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $2M |
| EBIT | -$70M |
| EBITDA | -$68M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$135.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $102M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $75M |
| Net Debt Issuance | -$195.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $146M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $334M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $79.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $211M |
| Minority Interest | $0 |
| TOTAL EQUITY | $211M |
| TOTAL LIABILITIES & EQUITY | $334M |
| Total Debt | $79M |
| Net Debt | -$44M |
