| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $56M | $54M | 17.5% | 23.1% |
| Op. Income | -$15M | -$11M | -$88M | -40.0% | 83.0% |
| Gross Margin | 44.4% | 47.3% | 58.5% | -2.8pp | -14.1pp |
| Net Margin | -23.6% | -16.6% | -164.6% | -7.0pp | 140.9pp |
| EPS (Diluted) | $-0.12 | $-0.07 | $-0.66 | -65.3% | 82.2% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $30M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $1 |
| Operating Expenses | $44M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$15M |
| Interest Income | $609.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$89.2K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $0 |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $66M |
| Net Receivables | $10M |
| Inventory | $34M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $80M |
| Goodwill | $100.0K |
| Intangible Assets | $21M |
| Long-Term Investments | $40M |
| Tax Assets | $10M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $387M |
| Account Payables | $0 |
| Short-Term Debt | $17M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $406.9K |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $43.0K |
| Additional Paid-In Capital | $447M |
| Retained Earnings | -$172M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | $17M |
| TOTAL EQUITY | $244M |
| TOTAL LIABILITIES & EQUITY | $387M |
| Total Debt | $44M |
| Net Debt | -$27M |
