| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $124M | $90M | 12.3% | 54.9% |
| Op. Income | -$579M | $15M | -$10M | -4022.9% | -5781.0% |
| Gross Margin | 70.3% | 80.9% | 74.2% | -10.7pp | -3.9pp |
| Net Margin | -413.8% | 13.8% | -14.4% | -427.7pp | -399.5pp |
| EPS (Diluted) | $-7.38 | $1.55 | $-0.14 | -576.1% | -5171.4% |
| Free Cash Flow | $18M | $4M | $14M | 341.4% | 31.5% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $98M |
| R&D Expenses | $280M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $397M |
| Other Expenses | $0 |
| Operating Expenses | $677M |
| Cost & Expenses | $718M |
| OPERATING INCOME | -$579M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$576M |
| Income Tax Expense | -$326.0K |
| Net Income from Continuing Ops | -$576M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$576M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$576M |
| D&A | $1M |
| EBIT | -$576M |
| EBITDA | -$575M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$576M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $591M |
| Deferred Income Tax | $90.0K |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$331M |
| NET CASH FROM FINANCING | -$76M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $176M |
| Net Receivables | $99M |
| Inventory | $14M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $16M |
| Goodwill | $64M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $694M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $283M |
| TOTAL CURRENT LIABILITIES | $314M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $374M |
| Minority Interest | $0 |
| TOTAL EQUITY | $374M |
| TOTAL LIABILITIES & EQUITY | $694M |
| Total Debt | $10M |
| Net Debt | -$227M |
