| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | — | $5M | — | 3.1% |
| Op. Income | -$27M | — | -$10M | — | -165.8% |
| Gross Margin | 33.7% | — | 19.3% | — | 14.4pp |
| Net Margin | -414.5% | — | -222.8% | — | -191.7pp |
| EPS (Diluted) | $-0.20 | — | $-0.80 | — | 75.0% |
| Free Cash Flow | -$14M | — | -$5M | — | -161.0% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $343.3K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $2.3K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $389.7K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $389.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$534.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $58M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $133M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $300.0K |
| Long-Term Investments | $4M |
| Tax Assets | $748.0K |
| Other Non-Current Assets | $93.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $142M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $43.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $1M |
| Additional Paid-In Capital | $178M |
| Retained Earnings | -$62M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $866.0K |
| Other Equity | $1.0K |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $142M |
| Total Debt | $6M |
| Net Debt | -$115M |
