| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244.0K | -$15.0K | $84.0K | 1726.7% | 190.5% |
| Op. Income | -$16M | -$14M | -$12M | -9.0% | -30.3% |
| Gross Margin | 30.7% | 100.0% | 100.0% | -69.3pp | -69.3pp |
| Net Margin | -6186.5% | 90900.0% | -12777.4% | -97086.5pp | 6590.9pp |
| EPS (Diluted) | $-0.47 | $-0.44 | $-0.35 | -6.8% | -34.3% |
| Free Cash Flow | -$19M | -$10M | -$11M | -85.7% | -72.7% |
| Item | Amount |
|---|---|
| REVENUE | $244.0K |
| Cost of Revenue | $169.0K |
| GROSS PROFIT | $75.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$169.0K |
| Operating Expenses | $16M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$16M |
| Interest Income | $711.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $709.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $169.0K |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $169.0K |
| Stock-Based Compensation | $916.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$122.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$788.0K |
| Net Debt Issuance | $930.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $14M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $472.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $69M |
| Account Payables | $486.0K |
| Short-Term Debt | $933.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $221.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $483M |
| Retained Earnings | -$423M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $2M |
| Net Debt | -$47M |
