| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $20M | — | 0.0% | — |
| Op. Income | -$34M | -$34M | — | 0.0% | — |
| Gross Margin | -39.2% | -39.2% | — | 0.0pp | — |
| Net Margin | -167.7% | -167.7% | — | 0.0pp | — |
| EPS (Diluted) | $-1.95 | $-1.95 | — | 0.0% | — |
| Free Cash Flow | -$48M | -$48M | — | 0.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $27M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $2M |
| Operating Expenses | $27M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $1M |
| EBIT | -$32M |
| EBITDA | -$31M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$634.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129.5K |
| NET CASH FROM FINANCING | -$129.5K |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $34M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $441.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $186M |
| Account Payables | $47M |
| Short-Term Debt | $482.0K |
| Deferred Revenue | $75M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $288M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $508M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$647.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$327M |
| Minority Interest | $6M |
| TOTAL EQUITY | -$322M |
| TOTAL LIABILITIES & EQUITY | $186M |
| Total Debt | $319M |
| Net Debt | $302M |
