| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $23M | $17M | -18.2% | 8.2% |
| Op. Income | -$44M | -$28M | -$29M | -55.1% | -52.0% |
| Gross Margin | 95.6% | 91.1% | 93.0% | 4.5pp | 2.6pp |
| Net Margin | -300.7% | -167.6% | -209.9% | -133.1pp | -90.8pp |
| EPS (Diluted) | $-0.50 | $-0.36 | $-0.38 | -38.9% | -31.6% |
| Free Cash Flow | -$24M | -$57M | -$33M | 57.4% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $836.0K |
| GROSS PROFIT | $18M |
| R&D Expenses | $30M |
| Selling & Marketing | $4M |
| General & Administrative | $15M |
| SG&A Expenses | $19M |
| Other Expenses | $13M |
| Operating Expenses | $62M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$44M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $840.0K |
| EBIT | -$42M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$250.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $94M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $18M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $319M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $322M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $456M |
| TOTAL LIABILITIES | $521M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$207.0K |
| Accum. Other Comp. Income | -$388.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$199M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$199M |
| TOTAL LIABILITIES & EQUITY | $322M |
| Total Debt | $118M |
| Net Debt | -$147M |
