| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $14M | $20M | 3.4% | -29.2% |
| Op. Income | -$22M | -$25M | -$31M | 14.4% | 30.5% |
| Gross Margin | 16.1% | 37.9% | 39.0% | -21.8pp | -23.0pp |
| Net Margin | -338.7% | -120.1% | -109.1% | -218.6pp | -229.6pp |
| EPS (Diluted) | $-0.25 | $-0.09 | $-0.12 | -177.8% | -108.3% |
| Free Cash Flow | -$12M | -$14M | -$18M | 12.3% | 33.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $2M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $5M |
| Operating Expenses | $24M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $48.0K |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $6M |
| EBIT | -$22M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | -$913.0K |
| Deferred Income Tax | -$22.0K |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$679.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $46.0K |
| NET CASH FROM INVESTING | -$633.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $98M |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $15M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $193M |
| PP&E (Net) | $21M |
| Goodwill | $163M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $257M |
| TOTAL ASSETS | $449M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $406.0K |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $840M |
| Retained Earnings | -$451M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $389M |
| Minority Interest | $0 |
| TOTAL EQUITY | $389M |
| TOTAL LIABILITIES & EQUITY | $449M |
| Total Debt | $7M |
| Net Debt | -$154M |
