| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $79M | $63M | 10.9% | 38.1% |
| Op. Income | -$4M | -$919.6K | -$9M | -332.0% | 58.2% |
| Gross Margin | 41.0% | 38.2% | 36.8% | 2.8pp | 4.1pp |
| Net Margin | -12.9% | -2.1% | -62.0% | -10.7pp | 49.1pp |
| EPS (Diluted) | $-11.27 | $-0.10 | $-2.45 | -10762.0% | -360.7% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $36M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $495.7K |
| Operating Expenses | $40M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$4M |
| Interest Income | $330.4K |
| Interest Expense | $2M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $75M |
| Inventory | $74M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $8M |
| Goodwill | $10M |
| Intangible Assets | $14M |
| Long-Term Investments | $226M |
| Tax Assets | $16M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $277M |
| TOTAL ASSETS | $577M |
| Account Payables | $83M |
| Short-Term Debt | $171M |
| Deferred Revenue | $77.7K |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $293M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $213.5K |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $358M |
| Common Stock | $26.6K |
| Additional Paid-In Capital | $288M |
| Retained Earnings | -$12M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | -$2 |
| TOTAL STOCKHOLDERS' EQUITY | $219M |
| Minority Interest | $0 |
| TOTAL EQUITY | $219M |
| TOTAL LIABILITIES & EQUITY | $577M |
| Total Debt | $233M |
| Net Debt | $118M |
