| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $4M | $7M | 303.4% | 133.3% |
| Op. Income | -$50M | -$63M | -$93M | 20.9% | 46.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -203.3% | -1077.2% | -504.3% | 874.0pp | 301.0pp |
| EPS (Diluted) | $-0.12 | $-0.15 | $-0.13 | 20.0% | 7.7% |
| Free Cash Flow | -$46M | -$22M | -$49M | -106.3% | 7.1% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $17M |
| R&D Expenses | $39M |
| Selling & Marketing | $3M |
| General & Administrative | $19M |
| SG&A Expenses | $22M |
| Other Expenses | $5M |
| Operating Expenses | $67M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$50M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $7M |
| EBIT | -$46M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $461M |
| Net Receivables | $153M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $742M |
| PP&E (Net) | $424M |
| Goodwill | $48M |
| Intangible Assets | $40M |
| Long-Term Investments | $90M |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $660M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $179M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $328M |
| TOTAL LIABILITIES | $395M |
| Common Stock | $792M |
| Additional Paid-In Capital | $181M |
| Retained Earnings | $37M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $142M |
| Net Debt | $50M |
