| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54.0K | $316.0K | $293.0K | -82.9% | -81.6% |
| Op. Income | -$48M | -$44M | -$51M | -9.8% | 4.9% |
| Gross Margin | -49737.0% | -6666.1% | -7057.0% | -43070.9pp | -42680.0pp |
| Net Margin | -230881.5% | -3252.5% | -37093.9% | -227628.9pp | -193787.6pp |
| EPS (Diluted) | $-1.20 | $-0.14 | $-12.38 | -785.9% | 90.3% |
| Free Cash Flow | -$27M | -$22M | -$15M | -22.4% | -82.8% |
| Item | Amount |
|---|---|
| REVENUE | $54.0K |
| Cost of Revenue | $27M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $5M |
| Selling & Marketing | $2M |
| General & Administrative | $14M |
| SG&A Expenses | $16M |
| Other Expenses | $276.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $812.0K |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | -$125M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$125M |
| D&A | $21M |
| EBIT | -$124M |
| EBITDA | -$103M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$125M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $897.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $81M |
| Change in Working Capital | -$802.0K |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $645.0K |
| Inventory | $23M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $322M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $323M |
| TOTAL ASSETS | $400M |
| Account Payables | $67M |
| Short-Term Debt | $9M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $400M |
| Total Debt | $88M |
| Net Debt | $74M |
