| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $0 | — | — | — |
| Op. Income | -$27M | -$43M | — | 36.2% | — |
| Gross Margin | 49.1% | — | — | — | — |
| Net Margin | -2204.2% | — | — | — | — |
| EPS (Diluted) | $-1.85 | $-2.80 | — | 33.9% | — |
| Free Cash Flow | -$30M | -$36M | — | 16.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $662.0K |
| GROSS PROFIT | $638.0K |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$662.0K |
| Operating Expenses | $28M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $661.0K |
| EBIT | -$26M |
| EBITDA | -$25M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $661.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$30M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $967.0K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $194M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $212M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $247M |
| Retained Earnings | -$178M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $212M |
| Total Debt | $107M |
| Net Debt | -$80M |
