| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121.0K | $109.0K | $163.0K | 11.0% | -25.8% |
| Op. Income | -$15M | -$14M | -$13M | -2.7% | -17.8% |
| Gross Margin | -9470.2% | 100.0% | 35.6% | -9570.2pp | -9505.8pp |
| Net Margin | -11523.1% | -12324.8% | -7225.8% | 801.6pp | -4297.4pp |
| EPS (Diluted) | $-0.21 | $-0.28 | $-0.26 | 25.0% | 19.2% |
| Free Cash Flow | -$8M | -$13M | -$9M | 34.7% | 9.5% |
| Item | Amount |
|---|---|
| REVENUE | $121.0K |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$8M |
| Operating Expenses | $3M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$15M |
| Interest Income | $835.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $834.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $94.0K |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $229.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$301.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$26.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $60M |
| Net Receivables | $526.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $401.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $76M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $464.0K |
| TOTAL LIABILITIES | $17M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $470M |
| Retained Earnings | -$412M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59M |
| Minority Interest | $0 |
| TOTAL EQUITY | $59M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $1M |
| Net Debt | -$10M |
