| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222.0K | $212.0K | $38.0K | 4.7% | 484.2% |
| Op. Income | -$6M | -$7M | -$12M | 7.4% | 44.8% |
| Gross Margin | 98.6% | 100.0% | 21.1% | -1.4pp | 77.6pp |
| Net Margin | -2636.0% | 7554.7% | -29063.2% | -10190.8pp | 26427.1pp |
| EPS (Diluted) | $-1.11 | $2.84 | $-2.00 | -139.1% | 44.5% |
| Free Cash Flow | -$5M | -$7M | -$10M | 28.6% | 52.6% |
| Item | Amount |
|---|---|
| REVENUE | $222.0K |
| Cost of Revenue | $3.0K |
| GROSS PROFIT | $219.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $560.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $560.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $3.0K |
| Stock-Based Compensation | $774.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$97.0K |
| Change in Working Capital | $493.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$748.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $23M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $198.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $810.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $62M |
| Account Payables | $126.0K |
| Short-Term Debt | $94.0K |
| Deferred Revenue | $212.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $82.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $82.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $360M |
| Retained Earnings | -$302M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $176.0K |
| Net Debt | -$31M |
