| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $812.7K | $545.5K | $500.4K | 49.0% | 62.4% |
| Op. Income | -$2M | -$2M | -$3M | 22.2% | 35.9% |
| Gross Margin | 55.4% | 44.9% | 50.6% | 10.5pp | 4.8pp |
| Net Margin | -210.7% | -395.5% | -519.3% | 184.8pp | 308.6pp |
| EPS (Diluted) | $-0.69 | $-1.95 | $-3.19 | 64.6% | 78.4% |
| Free Cash Flow | -$794.8K | -$2M | -$2M | 55.1% | 56.0% |
| Item | Amount |
|---|---|
| REVENUE | $812.7K |
| Cost of Revenue | $362.8K |
| GROSS PROFIT | $449.9K |
| R&D Expenses | $513.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $188.3K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $11.9K |
| Other Income/Expenses | $5.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $35.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $188.3K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $188.3K |
| Stock-Based Compensation | $207.8K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $78.6K |
| Change in Working Capital | $681.2K |
| OPERATING CASH FLOW | -$556.1K |
| Capital Expenditure | -$238.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$236.8K |
| NET CASH FROM INVESTING | -$238.7K |
| Net Debt Issuance | -$118.4K |
| Common Stock Repurchased | $269 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $118.4K |
| NET CASH FROM FINANCING | $269 |
| FREE CASH FLOW | -$794.8K |
| Net Change in Cash | -$845.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $292.1K |
| Short-Term Investments | $0 |
| Net Receivables | $870.6K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $2M |
| Goodwill | $1M |
| Intangible Assets | $201.4K |
| Long-Term Investments | $844.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | $31.5K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $6M |
| Account Payables | $364.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $409.6K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250.9K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $68M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $161.4K |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $1M |
| Net Debt | $960.1K |
