| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $3M | — | 62.9% |
| Op. Income | -$66M | — | -$61M | — | -8.7% |
| Gross Margin | 61.7% | — | 80.8% | — | -19.0pp |
| Net Margin | -3948.9% | — | -1793.3% | — | -2155.5pp |
| EPS (Diluted) | $-1.89 | — | $-1.10 | — | -72.3% |
| Free Cash Flow | -$63M | — | -$57M | — | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | -$445.5K |
| Operating Expenses | $70M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$66M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | -$208M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$206M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$206M |
| D&A | $2M |
| EBIT | -$196M |
| EBITDA | -$194M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$206M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $143M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$66.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $123M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $202M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $99.4K |
| Long-Term Investments | $976.3K |
| Tax Assets | $224.5K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $209M |
| Account Payables | $41M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $147.3K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $151M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $2M |
| Additional Paid-In Capital | $440M |
| Retained Earnings | $0 |
| Treasury Stock | -$510.9K |
| Accum. Other Comp. Income | -$453M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$11M |
| TOTAL LIABILITIES & EQUITY | $209M |
| Total Debt | $67M |
| Net Debt | -$76M |
