Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 7.96.

Continuing Operations (Aerospace and Defense)

Segment Revenue

• The Company reported no revenues from operations for both the twelve months ended December 31, 2025, and December 31, 2024, due to its transformation into a strategic acquirer and operator of aerospace and defense businesses.

Operational Metrics

• Total Operating Expenses: Increased by approximately 269%, from $8,827 thousand for the year ended December 31, 2024, to $32,600 thousand for the year ended December 31, 2025.
• Professional Fees: Increased from $6,373 thousand in 2024 to $7,803 thousand in 2025.
• Compensation and Related Benefits: Significantly increased from $1,279 thousand in 2024 to $19,145 thousand in 2025, primarily due to $18,825 thousand in share-based compensation in 2025.
• Other General and Administrative Expenses: Increased from $785 thousand in 2024 to $1,308 thousand in 2025.
• Impairment Loss: Increased from $391 thousand in 2024 to $4,344 thousand in 2025, solely due to the impairment of digital assets acquired in 2025.
• Net Income (Loss) from Continuing Operations: The Company recorded a net income of $76,601 thousand for the year ended December 31, 2025, compared to a net loss of -$165,200 thousand for the year ended December 31, 2024.

Cash Flow

• Net Cash Used in Operating Activities: Increased from -$3,421 thousand for the year ended December 31, 2024, to -$6,147 thousand for the year ended December 31, 2025.
• Net Cash Used in Investing Activities: Increased significantly from -$933 thousand in 2024 to -$178,867 thousand in 2025.
• Net Cash Provided by Financing Activities: Increased from $11,307 thousand in 2024 to $181,985 thousand in 2025.

Unique Metrics

• Cash and Cash Equivalents: $3,897 thousand as of December 31, 2025.
• Negative Working Capital: Approximately -$30 million as of December 31, 2025, which includes $24.5 million in stock purchase warrant liabilities not requiring cash extinguishment.
• Stockholders’ Deficit: -$15.6 million as of December 31, 2025.
• Goodwill: $7,688 thousand as of December 31, 2025, primarily from the Tiltan acquisition.
• Other Intangible Assets: $7,388 thousand as of December 31, 2025, from the Tiltan acquisition.

Discontinued Operations (Financial Technology)

Segment Revenue

• Revenues from Financial Services: Totaled $569 thousand for the year ended December 31, 2025, compared to $404 thousand for the three months ended December 31, 2024, and $5,914 thousand for the year ended September 30, 2024.
• Cost of Revenues: -$96 thousand for the year ended December 31, 2025.
• Gross Profit: $473 thousand for the year ended December 31, 2025.

Operational Metrics

• Total Operating Expenses: -$792 thousand for the year ended December 31, 2025.
• Loss from Operations: -$319 thousand for the year ended December 31, 2025.
• Net Gain (Loss) from Discontinued Operations: A net gain of $2,030 thousand for the year ended December 31, 2025, which includes a $2,491 thousand gain on deconsolidation.
• This compares to a net loss of -$158 thousand for the three months ended December 31, 2024, and -$1,141 thousand for the year ended September 30, 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$51 thousand for the year ended December 31, 2025.

Outlook / Guidance

Management believes its plans address concerns about the Company’s ability to continue as a going concern, anticipating $6 million will be needed for the next 12 months of operations. These plans leverage an existing $7.0 million unrestricted cash balance, an active Equity Line of Credit, and cash-positive majority-owned subsidiaries. The Company also has the option to satisfy obligations via equity issuance and is working to expand bank credit facilities for its subsidiaries.