| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $80M | $141M | -1.1% | -44.3% |
| Op. Income | -$26M | -$43M | $7M | 38.3% | -499.5% |
| Gross Margin | 6.4% | 10.3% | 27.5% | -3.9pp | -21.1pp |
| Net Margin | -1191.4% | 730.2% | -570.4% | -1921.6pp | -621.0pp |
| EPS (Diluted) | $-0.04 | $1.25 | $-2.80 | -103.3% | 98.5% |
| Free Cash Flow | -$87M | -$129M | -$2M | 32.4% | -4419.9% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | -$26M |
| Operating Expenses | $31M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$26M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$910M |
| INCOME BEFORE TAX | -$937M |
| Income Tax Expense | $158.0K |
| NET INCOME | -$937M |
| D&A | $21M |
| EBIT | -$22M |
| EBITDA | -$634.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$937M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $825M |
| Change in Working Capital | $100M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $581M |
| Short-Term Investments | $0 |
| Net Receivables | $251M |
| Inventory | $0 |
| Other Current Assets | $173M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $937M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $973M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $215M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $154M |
| TOTAL CURRENT LIABILITIES | $563M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.2B |
| Net Debt | $581M |
