| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $4M | $15M | 459.7% | 42.4% |
| Op. Income | -$12M | -$14M | -$12M | 15.2% | -0.1% |
| Gross Margin | 62.6% | 62.4% | 62.4% | 0.1pp | 0.2pp |
| Net Margin | -54.9% | -299.3% | -70.1% | 244.4pp | 15.2pp |
| EPS (Diluted) | $-0.33 | $-0.32 | $-0.16 | -3.7% | -107.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $13M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$12M |
| Interest Income | $2M |
| Interest Expense | $145.7K |
| Other Income/Expenses | -$7.2K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $16.5K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $0 |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $690.0K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| 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 | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $108M |
| Net Receivables | $18M |
| Inventory | $16M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $211M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $421.1K |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $497.5K |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $259M |
| Account Payables | $22M |
| Short-Term Debt | $25M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $58.6K |
| Deferred Tax Liabilities | $42.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $13.3K |
| Additional Paid-In Capital | $459M |
| Retained Earnings | -$313M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $148M |
| Minority Interest | -$41.6K |
| TOTAL EQUITY | $148M |
| TOTAL LIABILITIES & EQUITY | $259M |
| Total Debt | $54M |
| Net Debt | -$2M |
