| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $1M | -21.9% | 8.8% |
| Op. Income | -$17M | -$17M | -$15M | -1.4% | -12.4% |
| Gross Margin | -69.3% | -64.6% | -164.6% | -4.7pp | 95.3pp |
| Net Margin | -5257.5% | -3806.3% | -2207.2% | -1451.2pp | -3050.2pp |
| EPS (Diluted) | $-0.48 | $-0.45 | $-0.21 | -6.7% | -128.6% |
| Free Cash Flow | -$14M | -$12M | -$12M | -10.1% | -8.9% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$833.0K |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $1M |
| Operating Expenses | $16M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $42.0K |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $1M |
| EBIT | -$60M |
| EBITDA | -$59M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $162.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$27.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$101M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$99.0K |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$996.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $259.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $117M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $32M |
| Goodwill | $19M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $257M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $353.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $246M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $292M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $934M |
| Retained Earnings | -$984M |
| Treasury Stock | -$693.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$47M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$47M |
| TOTAL LIABILITIES & EQUITY | $257M |
| Total Debt | $263M |
| Net Debt | $204M |
