| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $2M | — | -100.0% |
| Op. Income | -$22M | -$21M | -$20M | -7.3% | -8.4% |
| EPS (Diluted) | $-0.70 | $-0.57 | $-0.57 | -22.2% | -22.2% |
| Free Cash Flow | -$17M | -$22M | -$19M | 24.7% | 10.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | -$10M |
| Operating Expenses | $8M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$22M |
| Interest Income | $534.6K |
| Interest Expense | $5.1K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $703.8K |
| EBIT | -$26M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $703.8K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$122.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $632.6K |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$386.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $77.6K |
| NET CASH FROM FINANCING | -$309.3K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $768.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $41M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $12.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $158M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $5M |
| Additional Paid-In Capital | $493M |
| Retained Earnings | -$361M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $136M |
| Minority Interest | $0 |
| TOTAL EQUITY | $136M |
| TOTAL LIABILITIES & EQUITY | $158M |
| Total Debt | $2M |
| Net Debt | -$102M |
