| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$58M | -$54M | -$77M | -6.8% | 24.7% |
| EPS (Diluted) | $-0.35 | $-0.33 | $-0.45 | -6.1% | 22.2% |
| Free Cash Flow | -$47M | -$52M | -$33M | 11.0% | -39.3% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$58M |
| Interest Income | $2M |
| Interest Expense | $747.0K |
| Other Income/Expenses | $945.0K |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $23.0K |
| EBIT | -$56M |
| EBITDA | -$56M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $23.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$364.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $71.0K |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | -$136.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$136.0K |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $42M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $554.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $197.0K |
| TOTAL NON-CURRENT ASSETS | $751.0K |
| TOTAL ASSETS | $178M |
| Account Payables | $549.0K |
| Short-Term Debt | $256.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $267.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9.0K |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $132M |
| Minority Interest | $0 |
| TOTAL EQUITY | $132M |
| TOTAL LIABILITIES & EQUITY | $178M |
| Total Debt | $523.0K |
| Net Debt | -$129M |
