| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $91M | $90M | $107M | 0.4% | -15.1% |
| Op. Income | -$5M | -$5M | -$8M | -0.6% | 40.3% |
| Gross Margin | 39.2% | 40.7% | 33.1% | -1.5pp | 6.1pp |
| Net Margin | -4.9% | -4.9% | -5.8% | 0.1pp | 1.0pp |
| EPS (Diluted) | $-233.18 | $-235.98 | $-330.79 | 1.2% | 29.5% |
| Free Cash Flow | -$10M | -$23M | -$22M | 56.2% | 55.2% |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $23M |
| Operating Expenses | $40M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$5M |
| Interest Income | $83M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$369.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$5M |
| EBITDA | -$1M |
| EPS | -$233 |
| EPS Diluted | -$233 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $608.0K |
| Deferred Income Tax | -$369.0K |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$96.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $127M |
| NET CASH FROM INVESTING | $152M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$233M |
| NET CASH FROM FINANCING | -$193M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $1.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $7.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.0B |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $7.6B |
| Account Payables | $0 |
| Short-Term Debt | $490M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $225M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $859M |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $234M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $242M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $403M |
| Minority Interest | $0 |
| TOTAL EQUITY | $403M |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $225M |
| Net Debt | $24M |
