| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $593.0K | $1M | $1M | -49.7% | -53.3% |
| Op. Income | -$31M | -$28M | -$27M | -13.2% | -17.5% |
| Gross Margin | -3349.9% | -1288.0% | -1101.7% | -2062.0pp | -2248.3pp |
| Net Margin | -5155.0% | -2234.6% | -1948.8% | -2920.4pp | -3206.2pp |
| EPS (Diluted) | $-0.24 | $-0.21 | $-0.22 | -14.3% | -9.1% |
| Free Cash Flow | -$17M | -$22M | -$17M | 21.8% | 0.5% |
| Item | Amount |
|---|---|
| REVENUE | $593.0K |
| Cost of Revenue | $20M |
| GROSS PROFIT | -$20M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$9M |
| Operating Expenses | $12M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$31M |
| Interest Income | $0 |
| Interest Expense | $56.0K |
| Other Income/Expenses | $955.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $131.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $3M |
| EBIT | -$31M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$795.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$223.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $79M |
| Net Receivables | $700.0K |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $137M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $210M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $161.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $740M |
| Retained Earnings | -$567M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $311.0K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $210M |
| Total Debt | $7M |
| Net Debt | -$31M |
