| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $1M | -7.3% | 20.3% |
| Op. Income | -$14M | -$15M | -$15M | 4.9% | 10.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1073.5% | -1036.5% | -1339.2% | -37.0pp | 265.7pp |
| EPS (Diluted) | $-0.05 | $-0.05 | $-0.04 | 4.0% | -26.3% |
| Free Cash Flow | -$11M | -$19M | -$10M | 44.4% | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$944.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| 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 | $927.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $927.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$740.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$43.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$45.0K |
| NET CASH FROM INVESTING | -$88.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $61.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $61.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $54M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $583.0K |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $3M |
| Additional Paid-In Capital | $370M |
| Retained Earnings | -$370M |
| Treasury Stock | -$48.0K |
| Accum. Other Comp. Income | $12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $54M |
| Total Debt | $33M |
| Net Debt | $6M |
