| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$41M | -$32M | -$24M | -27.2% | -67.2% |
| EPS (Diluted) | $-0.50 | $-0.35 | $-0.08 | -42.9% | -514.3% |
| Free Cash Flow | -$30M | -$29M | -$20M | -0.6% | -48.1% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$41M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $0 |
| EBIT | -$40M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$197.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$377.0K |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $150M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $0 |
| Goodwill | $20M |
| Intangible Assets | $0 |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $265M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $543.0K |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $0 |
| Additional Paid-In Capital | $650M |
| Retained Earnings | -$465M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $807.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $265M |
| Total Debt | $41M |
| Net Debt | $8M |
