| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$654.0K | — | $13M | — | -104.9% |
| Op. Income | -$3M | — | -$6M | — | 53.6% |
| Gross Margin | 1662.7% | — | 19.8% | — | 1642.9pp |
| Net Margin | 16804.7% | — | -46.0% | — | 16850.7pp |
| EPS (Diluted) | $-105.07 | — | $-1.35 | — | -7683.0% |
| Free Cash Flow | -$3M | — | -$1M | — | -155.0% |
| Item | Amount |
|---|---|
| REVENUE | -$654.0K |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$10M |
| Operating Expenses | -$8M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $35.0K |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $51.0K |
| Net Income from Continuing Ops | -$109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $4.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$105 |
| EPS Diluted | -$105 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $4.0K |
| Stock-Based Compensation | $323.0K |
| Deferred Income Tax | -$95.0K |
| Other Non-Cash Items | $106M |
| Change in Working Capital | $508.1K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$29.0K |
| Acquisitions (Net) | $461.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$719.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $76.0K |
| Net Receivables | $799.0K |
| Inventory | $2M |
| Other Current Assets | $424.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $514.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $55.0K |
| TOTAL NON-CURRENT ASSETS | $122M |
| TOTAL ASSETS | $130M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | -$279.0K |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $60M |
| Common Stock | $0 |
| Additional Paid-In Capital | $348M |
| Retained Earnings | -$278M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $180.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $130M |
| Total Debt | $54M |
| Net Debt | $48M |
