| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $8M | — | 34.9% | — |
| Op. Income | -$45M | -$45M | — | -0.1% | — |
| Gross Margin | 66.9% | 65.1% | — | 1.8pp | — |
| Net Margin | 2903.9% | -744.4% | — | 3648.3pp | — |
| EPS (Diluted) | $-0.39 | $-0.49 | — | 20.4% | — |
| Free Cash Flow | -$47M | -$26M | — | -80.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $7M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $624.0K |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $343M |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $298M |
| D&A | $1M |
| EBIT | -$43M |
| EBITDA | -$42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $298M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$327M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $483M |
| NET CASH FROM INVESTING | $463M |
| Net Debt Issuance | -$233M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$282M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $21M |
| Net Receivables | $120M |
| Inventory | $5M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $380M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $439M |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $265M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$275.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $0 |
| TOTAL EQUITY | $120M |
| TOTAL LIABILITIES & EQUITY | $439M |
| Total Debt | $41M |
| Net Debt | -$176M |
