| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | $282.0K | 91.6% | 1208.9% |
| Op. Income | -$45M | -$42M | -$46M | -7.7% | 2.4% |
| Gross Margin | 27.5% | 28.5% | 100.0% | -1.0pp | -72.5pp |
| Net Margin | -1051.1% | -2075.9% | -17241.1% | 1024.8pp | 16190.1pp |
| EPS (Diluted) | $-0.48 | $-0.51 | $-0.76 | 5.9% | 36.8% |
| Free Cash Flow | -$45M | -$39M | -$21M | -17.2% | -117.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $1M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$45M |
| Interest Income | $408.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $3M |
| EBIT | -$36M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $473.0K |
| NET CASH FROM INVESTING | -$761.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $314.0K |
| Other Current Assets | $780.0K |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $141M |
| Goodwill | $0 |
| Intangible Assets | $742.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $152M |
| TOTAL ASSETS | $199M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $791M |
| Retained Earnings | -$781M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $199M |
| Total Debt | $80M |
| Net Debt | $48M |
