| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $11M | $15M | -54.6% | -67.8% |
| Op. Income | -$37M | -$187M | -$28M | 79.9% | -32.1% |
| Gross Margin | 12.3% | 68.5% | 68.5% | -56.1pp | -56.2pp |
| Net Margin | -690.8% | -2435.9% | -43.4% | 1745.1pp | -647.5pp |
| EPS (Diluted) | $-3.00 | $-22.17 | $-1.23 | 86.5% | -143.9% |
| Free Cash Flow | -$18M | $9M | $2M | -311.2% | -855.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $591.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $2M |
| EBIT | -$37M |
| EBITDA | -$36M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$134.1K |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$24.7K |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $6M |
| Net Receivables | $15M |
| Inventory | $5M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $28M |
| Goodwill | $13M |
| Intangible Assets | $124M |
| Long-Term Investments | $160M |
| Tax Assets | $0 |
| Other Non-Current Assets | $523.0K |
| TOTAL NON-CURRENT ASSETS | $327M |
| TOTAL ASSETS | $365M |
| Account Payables | $86M |
| Short-Term Debt | $92M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $302M |
| TOTAL CURRENT LIABILITIES | $484M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $577M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $797M |
| Retained Earnings | -$922M |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$208M |
| Minority Interest | -$4M |
| TOTAL EQUITY | -$212M |
| TOTAL LIABILITIES & EQUITY | $365M |
| Total Debt | $133M |
| Net Debt | $128M |
