| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | — | 25.9% | — |
| Op. Income | -$23M | -$24M | — | 3.8% | — |
| Gross Margin | 63.4% | 61.8% | — | 1.6pp | — |
| Net Margin | -1537.8% | -2103.8% | — | 565.9pp | — |
| EPS (Diluted) | $-0.64 | $-0.70 | — | 8.3% | — |
| Free Cash Flow | -$20M | -$22M | — | 7.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $572.9K |
| GROSS PROFIT | $993.8K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $350.8K |
| Operating Expenses | $24M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$23M |
| Interest Income | $599.8K |
| Interest Expense | $791.5K |
| Other Income/Expenses | -$560.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $325.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $416.2K |
| EBIT | -$23M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $904.9K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$644.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$351.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$199.9K |
| NET CASH FROM FINANCING | -$551.9K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $391.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $24M |
| Net Receivables | $7M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $88.9K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $136M |
| Account Payables | $5M |
| Short-Term Debt | $287.6K |
| Deferred Revenue | $537.8K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $263.1K |
| Deferred Tax Liabilities | $39.8K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $8M |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$304M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $14M |
| TOTAL STOCKHOLDERS' EQUITY | $86M |
| Minority Interest | $0 |
| TOTAL EQUITY | $86M |
| TOTAL LIABILITIES & EQUITY | $136M |
| Total Debt | $23M |
| Net Debt | -$4M |
