| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $7M | -4.3% | -25.2% |
| Op. Income | -$6M | -$5M | -$7M | -16.8% | 5.0% |
| Gross Margin | -9.4% | 2.5% | 9.1% | -11.9pp | -18.5pp |
| Net Margin | -119.9% | -90.9% | -92.2% | -29.0pp | -27.7pp |
| EPS (Diluted) | $-0.26 | $-0.21 | $-0.27 | -23.8% | 3.7% |
| Free Cash Flow | -$4M | -$4M | -$998.0K | -6.7% | -282.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$474.0K |
| R&D Expenses | $890.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $420.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $450.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $105.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $634.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $634.0K |
| Stock-Based Compensation | $907.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108.0K |
| Change in Working Capital | $825.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$252.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$185.0K |
| NET CASH FROM FINANCING | -$185.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $6M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $498.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $345.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $154M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $819.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $511M |
| Retained Earnings | -$351M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $154M |
| Total Debt | $2M |
| Net Debt | -$128M |
