| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $10M | $9M | -70.7% | -68.8% |
| Op. Income | -$87M | -$70M | -$47M | -23.4% | -85.7% |
| Gross Margin | -2332.5% | -474.0% | 100.0% | -1858.5pp | -2432.5pp |
| Net Margin | -2703.8% | -608.9% | -425.3% | -2094.9pp | -2278.5pp |
| EPS (Diluted) | $-1.14 | $-0.88 | $-0.77 | -29.5% | -48.1% |
| Free Cash Flow | -$73M | -$87M | -$45M | 16.1% | -62.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $71M |
| GROSS PROFIT | -$68M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$72M |
| Operating Expenses | $18M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$87M |
| Interest Income | $7M |
| Interest Expense | $54.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | -$231.0K |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $2M |
| EBIT | -$79M |
| EBITDA | -$77M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$331.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$498.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$498.0K |
| Net Debt Issuance | -$46.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18 |
| NET CASH FROM FINANCING | -$45.0K |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $721M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $804M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $547.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $832M |
| Account Payables | $18M |
| Short-Term Debt | $5M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $350.0K |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $893.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$820M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $669M |
| Minority Interest | $0 |
| TOTAL EQUITY | $669M |
| TOTAL LIABILITIES & EQUITY | $832M |
| Total Debt | $8M |
| Net Debt | -$713M |
