| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $400.0K | $0 | $0 | — | — |
| Op. Income | -$23M | -$20M | -$18M | -15.5% | -27.6% |
| Gross Margin | 75.0% | — | — | — | — |
| Net Margin | 27208.3% | — | — | — | — |
| EPS (Diluted) | $1.71 | $-0.24 | $0.14 | 812.5% | 1121.4% |
| Free Cash Flow | -$22M | -$20M | -$13M | -9.5% | -61.9% |
| Item | Amount |
|---|---|
| REVENUE | $400.0K |
| Cost of Revenue | $100.0K |
| GROSS PROFIT | $300.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$23M |
| Interest Income | $1M |
| Interest Expense | $957.0K |
| Other Income/Expenses | $147M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $768.0K |
| EBIT | $125M |
| EBITDA | $126M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $768.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$147M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $152M |
| NET CASH FROM INVESTING | $156M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $62M |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $338.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $246M |
| Account Payables | $7M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $512.0K |
| Additional Paid-In Capital | $880M |
| Retained Earnings | -$716M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $164M |
| Minority Interest | $0 |
| TOTAL EQUITY | $164M |
| TOTAL LIABILITIES & EQUITY | $246M |
| Total Debt | $24M |
| Net Debt | -$139M |
