| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | — | $14M | — | 30.6% |
| Op. Income | -$8M | — | $3M | — | -415.2% |
| Net Margin | -47.0% | — | 21.9% | — | -68.9pp |
| EPS (Diluted) | $-0.26 | — | $0.10 | — | -371.4% |
| Free Cash Flow | -$13M | — | -$12M | — | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$896.2K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$510.3K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $346.1K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $346.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$725.7K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$546.9K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $674.9K |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $574.5K |
| Goodwill | $0 |
| Intangible Assets | $214.7K |
| Long-Term Investments | $348.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $24M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $265.9K |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $269.8K |
| TOTAL LIABILITIES | $20M |
| Common Stock | $3.2K |
| Additional Paid-In Capital | $31M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$123.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $24M |
| Total Debt | $4M |
| Net Debt | $2M |
