| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $2M | $7M | 199.0% | -12.4% |
| Op. Income | -$8M | -$6M | -$7M | -31.2% | -13.7% |
| Gross Margin | -0.3% | 15.0% | 21.6% | -15.3pp | -21.9pp |
| Net Margin | -154.4% | -263.8% | -125.5% | 109.5pp | -28.8pp |
| EPS (Diluted) | $-16.20 | $-10.80 | $-18.00 | -50.0% | 10.0% |
| Free Cash Flow | -$5M | -$5M | -$4M | 17.3% | -8.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$18.9K |
| R&D Expenses | $648.9K |
| Selling & Marketing | $227.6K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $156.4K |
| Other Income/Expenses | -$106.4K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$15.4K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $0 |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$16 |
| EPS Diluted | -$16 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $719.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$120.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18.8K |
| NET CASH FROM INVESTING | -$101.5K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $561.6K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $25M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $124M |
| Account Payables | $3M |
| Short-Term Debt | $13M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $168.6K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $0 |
| Additional Paid-In Capital | $422M |
| Retained Earnings | -$334M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $118.7K |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $25M |
| Net Debt | $19M |
