| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $4M | — | -40.6% |
| Op. Income | -$110M | — | -$47M | — | -134.2% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -4996.7% | — | -1203.0% | — | -3793.7pp |
| EPS (Diluted) | $-1.86 | — | $-0.76 | — | -144.6% |
| Free Cash Flow | -$78M | — | -$50M | — | -56.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $91M |
| Selling & Marketing | $2M |
| General & Administrative | $19M |
| SG&A Expenses | $21M |
| Other Expenses | -$81.8K |
| Operating Expenses | $112M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$110M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$118M |
| D&A | $119.3K |
| EBIT | -$110M |
| EBITDA | -$109M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$118M |
| Depreciation & Amortization | $612.7K |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$73.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $81.8K |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $3M |
| Goodwill | $22M |
| Intangible Assets | $8M |
| Long-Term Investments | $147.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $140M |
| Account Payables | $42M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $742.4K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$618M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $565.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$56M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$56M |
| TOTAL LIABILITIES & EQUITY | $140M |
| Total Debt | $99M |
| Net Debt | $28M |
