| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $332.2K | $0 | $0 | — | — |
| Op. Income | -$26M | -$25M | -$29M | -4.0% | 7.6% |
| Gross Margin | -5612.3% | — | — | — | — |
| Net Margin | -9722.2% | — | — | — | — |
| EPS (Diluted) | $-0.62 | $-0.88 | $-0.65 | 29.0% | 3.9% |
| Free Cash Flow | -$22M | -$26M | -$17M | 13.4% | -28.3% |
| Item | Amount |
|---|---|
| REVENUE | $332.2K |
| Cost of Revenue | $19M |
| GROSS PROFIT | -$19M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$18M |
| Operating Expenses | $8M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$26M |
| Interest Income | $661.8K |
| Interest Expense | $232.9K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | -$30.5K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $143.8K |
| EBIT | -$32M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $143.8K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$160.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $32M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $487.5K |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | -$92.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $862.9K |
| NET CASH FROM FINANCING | $770.0K |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $122M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $678.4K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $231M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $710.2K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | -$438M |
| Treasury Stock | -$44.5K |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $182M |
| Minority Interest | $0 |
| TOTAL EQUITY | $182M |
| TOTAL LIABILITIES & EQUITY | $231M |
| Total Debt | $1M |
| Net Debt | -$80M |
