| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155.0K | $589.0K | $2M | -73.7% | -91.8% |
| Op. Income | -$15M | -$14M | -$25M | -4.4% | 40.5% |
| Gross Margin | -361.9% | 6.6% | 18.2% | -368.6pp | -380.1pp |
| Net Margin | -9180.0% | -4886.1% | -1259.5% | -4293.9pp | -7920.5pp |
| EPS (Diluted) | $-0.06 | $-0.12 | $-0.11 | 53.4% | 49.2% |
| Free Cash Flow | -$13M | -$14M | -$19M | 8.9% | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $155.0K |
| Cost of Revenue | $716.0K |
| GROSS PROFIT | -$561.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $14M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $520.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $93.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $2M |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$668.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$208.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$321.0K |
| Net Debt Issuance | -$4.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $17M |
| Net Receivables | $104.0K |
| Inventory | $6M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $141M |
| Account Payables | $2M |
| Short-Term Debt | $32M |
| Deferred Revenue | $337.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $278.0K |
| Additional Paid-In Capital | $982M |
| Retained Earnings | -$905M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $518.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $51M |
| Net Debt | -$23M |
