| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | 8.0% | 12.6% |
| Op. Income | -$14M | -$14M | -$15M | -2.8% | 0.1% |
| Gross Margin | -106.6% | -108.3% | -105.7% | 1.7pp | -0.9pp |
| Net Margin | -484.3% | -470.3% | -503.0% | -14.0pp | 18.7pp |
| EPS (Diluted) | $-0.23 | $-0.21 | $-0.23 | -9.5% | 0.0% |
| Free Cash Flow | -$10M | -$11M | -$9M | 4.5% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $5M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $51.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $149.0K |
| Other Income/Expenses | -$149.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $82.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $3M |
| EBIT | -$14M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$94.0K |
| Other Non-Cash Items | $437.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $583 |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $2M |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $795.0K |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $127M |
| TOTAL ASSETS | $184M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $224.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $845.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $181.0K |
| Additional Paid-In Capital | $565M |
| Retained Earnings | -$402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $164M |
| Minority Interest | $0 |
| TOTAL EQUITY | $164M |
| TOTAL LIABILITIES & EQUITY | $184M |
| Total Debt | $8M |
| Net Debt | -$42M |
