| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $25M | $21M | 81.1% | 119.9% |
| Op. Income | -$83M | -$56M | -$86M | -49.5% | 3.2% |
| Gross Margin | 28.5% | 32.8% | 36.5% | -4.3pp | -8.0pp |
| Net Margin | -177.1% | -178.8% | -420.7% | 1.6pp | 243.6pp |
| EPS (Diluted) | $-0.25 | $-0.16 | $-0.32 | -55.6% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $13M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $1 |
| Operating Expenses | $96M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$83M |
| Interest Income | $7M |
| Interest Expense | $267.4K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $100.1K |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $0 |
| EBIT | -$83M |
| EBITDA | -$83M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $977M |
| Short-Term Investments | $65M |
| Net Receivables | $72M |
| Inventory | $47M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $65M |
| Goodwill | $7M |
| Intangible Assets | $3M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $24M |
| Short-Term Debt | $52M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $146M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $510.1K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $55M |
| Net Debt | -$921M |
