| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $37M | -19.5% | -96.5% |
| Op. Income | -$42M | -$47M | -$6M | 10.3% | -619.4% |
| Gross Margin | 31.8% | -2276.8% | 100.0% | 2308.6pp | -68.2pp |
| Net Margin | -3014.9% | -2734.4% | 3.0% | -280.5pp | -3018.0pp |
| EPS (Diluted) | $-0.95 | $-1.06 | $0.03 | 10.4% | -3712.2% |
| Free Cash Flow | -$32M | -$28M | -$32M | -13.7% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $886.0K |
| GROSS PROFIT | $413.0K |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$886.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $92.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | -$3M |
| EBIT | -$39M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | $207.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $192.0K |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $205M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $377M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $342.0K |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$273M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $652.0K |
| Other Equity | $579M |
| TOTAL STOCKHOLDERS' EQUITY | $306M |
| Minority Interest | $0 |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $377M |
| Total Debt | $51M |
| Net Debt | -$39M |
