| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $14M | $9M | -3.3% | 51.3% |
| Op. Income | -$111M | -$110M | -$145M | -1.3% | 23.0% |
| Gross Margin | -472.8% | 100.0% | 100.0% | -572.8pp | -572.8pp |
| Net Margin | -735.2% | -710.8% | -1489.5% | -24.4pp | 754.3pp |
| EPS (Diluted) | $-0.92 | $-0.98 | $-1.34 | 6.1% | 31.3% |
| Free Cash Flow | -$77M | -$100M | -$86M | 23.0% | 10.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $79M |
| GROSS PROFIT | -$65M |
| R&D Expenses | $95M |
| Selling & Marketing | $16M |
| General & Administrative | $31M |
| SG&A Expenses | $46M |
| Other Expenses | -$95M |
| Operating Expenses | $46M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$111M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$101M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $5M |
| EBIT | -$101M |
| EBITDA | -$96M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$29.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$741.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $97.0K |
| NET CASH FROM FINANCING | $115M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $318M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $188M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $343M |
| TOTAL ASSETS | $925M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $177M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $990.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $748M |
| Minority Interest | $0 |
| TOTAL EQUITY | $748M |
| TOTAL LIABILITIES & EQUITY | $925M |
| Total Debt | $98M |
| Net Debt | -$95M |
