| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $93M | $225M | 35.2% | -44.2% |
| Op. Income | -$110M | -$103M | -$204M | -6.8% | 46.2% |
| Gross Margin | 5.4% | 12.0% | 9.2% | -6.7pp | -3.8pp |
| Net Margin | -103.8% | -197.0% | -89.5% | 93.2pp | -14.2pp |
| EPS (Diluted) | $-0.20 | $-0.28 | $-0.30 | 28.6% | 33.3% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $7M |
| R&D Expenses | $44M |
| Selling & Marketing | $39M |
| General & Administrative | $84M |
| SG&A Expenses | $124M |
| Other Expenses | -$51M |
| Operating Expenses | $117M |
| Cost & Expenses | $235M |
| OPERATING INCOME | -$110M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | -$131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $18M |
| EBIT | -$160M |
| EBITDA | -$143M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $164M |
| Other Current Assets | $657M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $370M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $698M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $443M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $28M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $265M |
| Deferred Revenue NC | $303M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $482M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | -$8M |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
