| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227.7K | $101.4K | $887.8K | 124.5% | -74.4% |
| Op. Income | -$4M | -$4M | -$1M | 15.0% | -155.2% |
| Gross Margin | 33.1% | 33.1% | 52.2% | 0.0pp | -19.1pp |
| Net Margin | -1507.6% | -4940.1% | -155.9% | 3432.5pp | -1351.7pp |
| EPS (Diluted) | $-0.20 | $-0.29 | $-0.10 | 31.0% | -110.1% |
| Free Cash Flow | -$3M | -$2M | -$1M | -66.9% | -115.6% |
| Item | Amount |
|---|---|
| REVENUE | $227.7K |
| Cost of Revenue | $152.2K |
| GROSS PROFIT | $75.5K |
| R&D Expenses | $266.6K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $54.8K |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $126.6K |
| Interest Expense | $4.6K |
| Other Income/Expenses | $145.1K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $75.6K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $75.6K |
| Stock-Based Compensation | $858.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$168.2K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$7.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15.0K |
| NET CASH FROM INVESTING | -$7.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24.4K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $100.0K |
| Inventory | $615.0K |
| Other Current Assets | $420.3K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $342.1K |
| Goodwill | $0 |
| Intangible Assets | $834.5K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.8K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $19M |
| Account Payables | $461.3K |
| Short-Term Debt | $0 |
| Deferred Revenue | $18.9K |
| Other Current Liabilities | $7.2K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $146.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $146.9K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $2.1K |
| Additional Paid-In Capital | $47M |
| Retained Earnings | -$29M |
| Treasury Stock | -$676.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $202.1K |
| Net Debt | -$17M |
