| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $11M | $12M | -49.8% | -52.6% |
| Op. Income | -$16M | -$10M | -$10M | -51.3% | -55.9% |
| Gross Margin | 8.6% | 68.9% | 82.5% | -60.3pp | -73.9pp |
| Net Margin | -427.5% | -172.9% | -53.6% | -254.7pp | -374.0pp |
| EPS (Diluted) | $-1.02 | $-0.84 | $-0.30 | -21.6% | -243.9% |
| Free Cash Flow | -$999.0K | -$3M | -$3M | 66.6% | 71.3% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $494.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $372.0K |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$16M |
| Interest Income | $62.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$23M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$999.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $656.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$999.0K |
| Net Change in Cash | $570.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $863.0K |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $4M |
| Other Current Assets | $240.0K |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $69M |
| Goodwill | $7M |
| Intangible Assets | $9M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $103M |
| TOTAL ASSETS | $120M |
| Account Payables | $24M |
| Short-Term Debt | $7M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $919M |
| Retained Earnings | -$944M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$25M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$25M |
| TOTAL LIABILITIES & EQUITY | $120M |
| Total Debt | $70M |
| Net Debt | $69M |
