| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | — | $14M | — | -60.6% |
| Op. Income | -$30M | — | -$31M | — | 3.4% |
| Gross Margin | -322.2% | — | -135.5% | — | -186.7pp |
| Net Margin | -439.2% | — | -200.6% | — | -238.6pp |
| EPS (Diluted) | $-0.29 | — | $-0.36 | — | 19.4% |
| Free Cash Flow | -$37M | — | $3M | — | -1234.1% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $24M |
| GROSS PROFIT | -$18M |
| R&D Expenses | $24M |
| Selling & Marketing | $182.4K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$24M |
| Operating Expenses | $11M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$30M |
| Interest Income | $659.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $427.9K |
| EBIT | -$30M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $826.6K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$67.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $7M |
| Net Receivables | $424.4K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $109M |
| Account Payables | $5M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $5M |
| Additional Paid-In Capital | $476M |
| Retained Earnings | -$477M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $32M |
| Net Debt | -$31M |
