| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62.2K | $20.6K | $0 | 201.6% | — |
| Op. Income | -$1M | -$1M | -$350.8K | 11.8% | -192.3% |
| Gross Margin | 42.8% | 42.8% | — | 0.0pp | — |
| Net Margin | -2000.9% | -4288.3% | — | 2287.4pp | — |
| EPS (Diluted) | $-0.51 | $-0.87 | $-0.49 | 41.4% | -4.1% |
| Free Cash Flow | -$916.2K | $65M | -$64.6K | -101.4% | -1318.0% |
| Item | Amount |
|---|---|
| REVENUE | $62.2K |
| Cost of Revenue | $35.6K |
| GROSS PROFIT | $26.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$1M |
| Interest Income | $32.7K |
| Interest Expense | $251.4K |
| Other Income/Expenses | -$218.7K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $828 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $9.8K |
| EBIT | -$992.6K |
| EBITDA | -$982.8K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $71.0K |
| Stock-Based Compensation | $831.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $167.0K |
| Change in Working Capital | $44.0K |
| OPERATING CASH FLOW | -$131.3K |
| Capital Expenditure | -$784.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $784.9K |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$916.2K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $225.3K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $867.7K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $867.7K |
| TOTAL ASSETS | $132M |
| Account Payables | $119.3K |
| Short-Term Debt | $4M |
| Deferred Revenue | $62.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $177M |
| Retained Earnings | -$64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116M |
| Minority Interest | $0 |
| TOTAL EQUITY | $116M |
| TOTAL LIABILITIES & EQUITY | $132M |
| Total Debt | $5M |
| Net Debt | -$127M |
