| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $9M | $9M | 2.2% | 12.8% |
| Op. Income | -$11M | -$10M | -$12M | -11.6% | 9.1% |
| Gross Margin | -67.5% | 100.0% | 99.6% | -167.5pp | -167.1pp |
| Net Margin | -105.9% | -93.6% | -130.7% | -12.3pp | 24.8pp |
| EPS (Diluted) | $-1.33 | $-1.17 | $-1.98 | -13.7% | 32.8% |
| Free Cash Flow | -$17M | -$23M | -$17M | 28.5% | 2.1% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $16M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$16M |
| Operating Expenses | $5M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$11M |
| Interest Income | $895.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $895.0K |
| 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 | $32.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $32.0K |
| Stock-Based Compensation | $834.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$160.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $379.0K |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $357.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $593.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $51M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $300.0K |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $81M |
| Account Payables | $743.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $863M |
| Retained Earnings | -$845M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$279.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $3M |
| Net Debt | -$21M |
