| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $503.0K | $1M | $405.0K | -65.8% | 24.2% |
| Op. Income | -$25M | -$19M | -$17M | -36.3% | -49.0% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -22609.5% | -8714.1% | -4435.8% | -13895.4pp | -18173.7pp |
| EPS (Diluted) | $-0.71 | $-0.71 | $-0.10 | 0.0% | -617.2% |
| Free Cash Flow | -$23M | -$19M | -$12M | -23.6% | -91.5% |
| Item | Amount |
|---|---|
| REVENUE | $503.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $503.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $5M |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$25M |
| Interest Income | $294.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$114M |
| D&A | $715.0K |
| EBIT | -$25M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $715.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$248.0K |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $558M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$546M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $55M |
| Account Payables | $5M |
| Short-Term Debt | $30M |
| Deferred Revenue | $30.0K |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $439M |
| TOTAL NON-CURRENT LIABILITIES | $488M |
| TOTAL LIABILITIES | $542M |
| Common Stock | $0 |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$487M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$487M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $81M |
| Net Debt | $61M |
