| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | — | $54M | — | -58.2% |
| Op. Income | -$4M | — | -$8M | — | 49.9% |
| Gross Margin | -0.9% | — | 23.2% | — | -24.1pp |
| Net Margin | -38.9% | — | -18.0% | — | -20.8pp |
| EPS (Diluted) | $-0.11 | — | $-0.12 | — | 8.3% |
| Free Cash Flow | -$10M | — | -$5M | — | -101.9% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $23M |
| GROSS PROFIT | -$203.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | -$17M |
| Operating Expenses | $4M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$4M |
| Interest Income | $638.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$169.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$126.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $30M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $126M |
| PP&E (Net) | $40M |
| Goodwill | $88M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $325M |
| Account Payables | $0 |
| Short-Term Debt | $652.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $348.0K |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$146M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $425M |
| TOTAL STOCKHOLDERS' EQUITY | $279M |
| Minority Interest | $0 |
| TOTAL EQUITY | $279M |
| TOTAL LIABILITIES & EQUITY | $325M |
| Total Debt | $3M |
| Net Debt | -$28M |
