| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $7M | 7.1% | -17.3% |
| Op. Income | -$15M | -$33M | -$18M | 54.1% | 18.0% |
| Gross Margin | 3.1% | 2.1% | 2.9% | 1.0pp | 0.2pp |
| Net Margin | -219.3% | -486.9% | -277.3% | 267.7pp | 58.0pp |
| EPS (Diluted) | $-2.59 | $-5.40 | $-4.20 | 52.1% | 38.4% |
| Free Cash Flow | -$16M | -$15M | -$16M | -3.7% | -2.6% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $182.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $3M |
| Operating Expenses | $15M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $31.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $120.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $3M |
| EBIT | -$13M |
| EBITDA | -$10M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $67.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$376M |
| Sales/Maturities of Investments | $381M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $57.0K |
| NET CASH FROM FINANCING | $57.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $34M |
| Net Receivables | $21M |
| Inventory | $687.0K |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $232M |
| Goodwill | $0 |
| Intangible Assets | $60.0K |
| Long-Term Investments | $0 |
| Tax Assets | $496.0K |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $247M |
| TOTAL ASSETS | $348M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $441.0K |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | -$77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $311M |
| Minority Interest | $0 |
| TOTAL EQUITY | $311M |
| TOTAL LIABILITIES & EQUITY | $348M |
| Total Debt | $7M |
| Net Debt | -$28M |
