| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $223.0K | — | 788.8% |
| Op. Income | -$22M | — | -$11M | — | -96.5% |
| Gross Margin | 59.4% | — | -15.2% | — | 74.7pp |
| Net Margin | -1492.9% | — | -5449.8% | — | 3956.9pp |
| EPS (Diluted) | $-0.28 | — | $-0.12 | — | -133.3% |
| Free Cash Flow | -$16M | -$17M | -$14M | 0.9% | -16.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $804.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $456.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $456.0K |
| EBIT | -$30M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $456.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$43.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$20.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $85.0K |
| NET CASH FROM FINANCING | $85.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $8M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $274.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $865.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $54M |
| Account Payables | $17M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $59M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $610M |
| Retained Earnings | -$607M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $54M |
| Total Debt | $3M |
| Net Debt | -$26M |
