| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $874.4K | 31.9% | 90.1% |
| Op. Income | -$25M | -$25M | -$27M | -0.1% | 7.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1622.4% | -1922.1% | -3313.0% | 299.7pp | 1690.5pp |
| EPS (Diluted) | $-0.27 | $-0.24 | $-0.29 | -10.5% | 8.7% |
| Free Cash Flow | -$20M | -$24M | $93M | 16.7% | -121.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$35.6K |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$25M |
| Interest Income | $582.9K |
| Interest Expense | $63.6K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $792.9K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $792.9K |
| Stock-Based Compensation | $472.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$474.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$324.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10.2K |
| NET CASH FROM FINANCING | -$314.4K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $129M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $64M |
| Long-Term Investments | $743.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $242M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $107M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $3M |
| Additional Paid-In Capital | $611M |
| Retained Earnings | -$518M |
| Treasury Stock | -$277.5K |
| Accum. Other Comp. Income | $5.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $242M |
| Total Debt | $6M |
| Net Debt | -$26M |
