| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$44M | -$47M | -$33M | 6.3% | -32.8% |
| EPS (Diluted) | $-0.97 | $-1.03 | $-0.67 | 5.8% | -44.8% |
| Free Cash Flow | -$32M | -$45M | -$25M | 28.4% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $515.0K |
| GROSS PROFIT | -$515.0K |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$515.0K |
| Operating Expenses | $44M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$44M |
| Interest Income | $2M |
| Interest Expense | $14.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $515.0K |
| EBIT | -$42M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $515.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$204.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | -$262.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51.0K |
| NET CASH FROM FINANCING | -$649.0K |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $158M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $227M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $0 |
| Additional Paid-In Capital | $535M |
| Retained Earnings | -$350M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $227M |
| Total Debt | $6M |
| Net Debt | -$48M |
