| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $865.0K | $517.0K | -100.0% | -100.0% |
| Op. Income | -$229M | -$148M | -$151M | -54.5% | -51.6% |
| EPS (Diluted) | $-2.40 | $-1.58 | $-1.49 | -51.9% | -61.1% |
| Free Cash Flow | -$114M | -$54M | -$96M | -110.5% | -18.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $45M |
| GROSS PROFIT | -$45M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$892.0K |
| Operating Expenses | $184M |
| Cost & Expenses | $229M |
| OPERATING INCOME | -$229M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$207M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $5M |
| EBIT | -$229M |
| EBITDA | -$225M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $89M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$114M |
| Capital Expenditure | -$117.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$215M |
| Sales/Maturities of Investments | $310M |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$114M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $263M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $296M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $10M |
| Short-Term Debt | $18M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $214M |
| TOTAL LIABILITIES | $319M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.7B |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $215M |
| Net Debt | $18M |
