| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $561.2K | 64.1% | 394.0% |
| Op. Income | -$2M | -$2M | -$1M | -10.7% | -44.1% |
| Gross Margin | -2.9% | 7.1% | 69.9% | -10.0pp | -72.8pp |
| Net Margin | 140.0% | -1022.5% | -1198.9% | 1162.5pp | 1338.9pp |
| EPS (Diluted) | $0.14 | $-0.86 | $-0.43 | 116.3% | 132.6% |
| Free Cash Flow | -$1M | -$2M | -$924.1K | 29.9% | -44.5% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$80.9K |
| R&D Expenses | $193.5K |
| Selling & Marketing | $22.9K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $3.6K |
| Interest Expense | $221.9K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $899 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $899 |
| Stock-Based Compensation | $246.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $184.1K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $800.7K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $369.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $639.2K |
| Short-Term Investments | $39M |
| Net Receivables | $156.3K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $7.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $350.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $357.4K |
| TOTAL ASSETS | $41M |
| Account Payables | $102.6K |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $829.1K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $182M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $9M |
| Net Debt | $8M |
