| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $8M | -6.2% | -48.8% |
| Op. Income | -$16M | -$19M | -$16M | 13.9% | 0.5% |
| Gross Margin | 93.3% | 100.0% | 100.0% | -6.7pp | -6.7pp |
| Net Margin | -407.4% | -438.1% | -179.0% | 30.8pp | -228.3pp |
| EPS (Diluted) | $-0.15 | $-0.17 | $-0.13 | 11.8% | -15.4% |
| Free Cash Flow | -$5M | -$16M | -$13M | 67.0% | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $262.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $1M |
| Operating Expenses | $20M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$16M |
| Interest Income | $436.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $463.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $119.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $5M |
| EBIT | -$19M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$165.0K |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $236.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $23M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $31M |
| Goodwill | $84M |
| Intangible Assets | $132M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $248M |
| TOTAL ASSETS | $296M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $983.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $42.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $664.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | -$135M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $262M |
| Minority Interest | $0 |
| TOTAL EQUITY | $262M |
| TOTAL LIABILITIES & EQUITY | $296M |
| Total Debt | $22M |
| Net Debt | $4M |
