| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | — | $11M | — | 186.8% |
| Op. Income | $944.7K | — | -$28M | — | 103.4% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -20.2% | — | -235.5% | — | 215.3pp |
| EPS (Diluted) | $-0.13 | — | $-0.54 | — | 76.1% |
| Free Cash Flow | -$21M | — | -$7M | — | -177.6% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $31M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $8.2K |
| Operating Expenses | $30M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $944.7K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $322.7K |
| EBIT | $952.9K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $935.3K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $447.8K |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$175.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14.0K |
| NET CASH FROM INVESTING | -$189.4K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$392.8K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $15.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $770.5K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $53M |
| Account Payables | $5M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $2M |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$6M |
| Treasury Stock | -$266.6K |
| Accum. Other Comp. Income | -$441M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$81M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$81M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $60M |
| Net Debt | $26M |
