| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $590.6K | $812.8K | 77.3% | 28.8% |
| Op. Income | -$5M | -$14M | -$1M | 65.0% | -262.4% |
| Gross Margin | -139.2% | 20.2% | 25.1% | -159.4pp | -164.3pp |
| Net Margin | -491.6% | -2376.8% | -92.9% | 1885.2pp | -398.7pp |
| EPS (Diluted) | $-2.01 | $-0.87 | $-0.05 | -131.0% | -3920.0% |
| Free Cash Flow | -$1M | -$4M | -$1M | 73.4% | -6.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $590.1K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$5M |
| Interest Income | $303 |
| Interest Expense | $0 |
| Other Income/Expenses | -$347.1K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $278.6K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $278.6K |
| Stock-Based Compensation | $40.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $366.9K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| 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 | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $731.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $942.2K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $5M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $331.6K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $23M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $1.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $405.4K |
| TOTAL LIABILITIES | $17M |
| Common Stock | $32 |
| Additional Paid-In Capital | $99M |
| Retained Earnings | -$93M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $6M |
| Net Debt | $5M |
