| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $96M | — | -3.7% | — |
| Op. Income | -$20M | -$15M | — | -35.9% | — |
| Gross Margin | 53.6% | 61.3% | — | -7.7pp | — |
| Net Margin | -32.4% | -7.1% | — | -25.3pp | — |
| EPS (Diluted) | $-0.38 | $-0.08 | — | -352.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $50M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $1 |
| Operating Expenses | $70M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$20M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $0 |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $493M |
| Short-Term Investments | $127M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $692M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $54M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $759M |
| Account Payables | $100M |
| Short-Term Debt | $8M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $185M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $679.9K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $192M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $556M |
| TOTAL STOCKHOLDERS' EQUITY | $556M |
| Minority Interest | $10M |
| TOTAL EQUITY | $567M |
| TOTAL LIABILITIES & EQUITY | $759M |
| Total Debt | $11M |
| Net Debt | -$482M |
