| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$42M | -$30M | -$24M | -37.5% | -71.2% |
| EPS (Diluted) | $-0.68 | $-0.48 | $-0.34 | -41.7% | -100.0% |
| Free Cash Flow | -$32M | -$34M | -$17M | 6.9% | -92.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$42M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $800.0K |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $47.0K |
| EBIT | -$40M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $47.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $298.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $107M |
| Net Receivables | $315.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $148M |
| PP&E (Net) | $335.0K |
| Goodwill | $0 |
| Intangible Assets | $50.0K |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $311.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $172M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $512M |
| Retained Earnings | -$395M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $117M |
| Minority Interest | $0 |
| TOTAL EQUITY | $117M |
| TOTAL LIABILITIES & EQUITY | $172M |
| Total Debt | $30M |
| Net Debt | -$7M |
