| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $719.0K | $2M | $273.0K | -53.8% | 163.4% |
| Op. Income | -$25M | -$20M | -$26M | -24.1% | 1.8% |
| Gross Margin | 100.0% | -597.0% | 100.0% | 697.0pp | 0.0pp |
| Net Margin | -3856.6% | -1699.7% | -20993.4% | -2156.9pp | 17136.8pp |
| EPS (Diluted) | $-0.14 | $-0.15 | $-0.36 | 6.7% | 61.1% |
| Free Cash Flow | -$19M | -$18M | -$16M | -6.1% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $719.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $719.0K |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$25M |
| Interest Income | $248.0K |
| Interest Expense | $264.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $93.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $227.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $227.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $34M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $6M |
| Goodwill | $331.0K |
| Intangible Assets | $9M |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $389.0K |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $189M |
| Account Payables | $4M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $818.0K |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $24M |
| Additional Paid-In Capital | $895M |
| Retained Earnings | -$754M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $187.0K |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $189M |
| Total Debt | $9M |
| Net Debt | -$53M |
