| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $0 | -43.4% | — |
| Op. Income | -$6M | -$4M | -$2M | -58.9% | -136.9% |
| Gross Margin | 67.8% | 71.4% | — | -3.7pp | — |
| Net Margin | -632.7% | -68.5% | — | -564.2pp | — |
| EPS (Diluted) | $-0.65 | $-0.13 | $-0.25 | -400.0% | -160.0% |
| Free Cash Flow | -$6M | -$2M | -$1M | -191.7% | -333.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $534.1K |
| GROSS PROFIT | $1M |
| R&D Expenses | $317.1K |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $5.4K |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $425.7K |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $11.6K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $11.6K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$8.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.3K |
| Net Debt Issuance | -$16.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20.5K |
| NET CASH FROM FINANCING | -$10.8K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $875.9K |
| Other Current Assets | $58.4K |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $72.5K |
| Goodwill | $0 |
| Intangible Assets | $402.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $474.7K |
| TOTAL ASSETS | $45M |
| Account Payables | $752.3K |
| Short-Term Debt | $0 |
| Deferred Revenue | $231.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $154.6K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $99M |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$89M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $45M |
| Total Debt | $0 |
| Net Debt | -$39M |
