| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$10M | -$11M | $604.0K | 8.6% | -1737.3% |
| Op. Income | -$20M | -$21M | -$9M | 3.1% | -132.5% |
| Gross Margin | 182.9% | 180.2% | -1214.6% | 2.7pp | 1397.5pp |
| Net Margin | 210.1% | 198.1% | -1512.1% | 12.0pp | 1722.2pp |
| EPS (Diluted) | $-0.50 | $0.27 | $-0.26 | -285.2% | -92.3% |
| Free Cash Flow | $50M | $10M | $10M | 408.3% | 401.3% |
| Item | Amount |
|---|---|
| REVENUE | -$10M |
| Cost of Revenue | $8M |
| GROSS PROFIT | -$18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $776.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$20M |
| Interest Income | $23M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $373.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $0 |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $710.0K |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $783.0K |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $42M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $676M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $685M |
| TOTAL ASSETS | $727M |
| Account Payables | $0 |
| Short-Term Debt | $58M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $368M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $368M |
| TOTAL LIABILITIES | $443M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $535M |
| Retained Earnings | -$252M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $284M |
| Minority Interest | $0 |
| TOTAL EQUITY | $284M |
| TOTAL LIABILITIES & EQUITY | $727M |
| Total Debt | $425M |
| Net Debt | $400M |
