| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $856.0K | $1M | $717.0K | -36.2% | 19.4% |
| Op. Income | -$32M | -$23M | -$61M | -40.6% | 47.8% |
| Gross Margin | -81.7% | 18.0% | -41.4% | -99.6pp | -40.2pp |
| Net Margin | -3112.4% | -4038.3% | -8199.7% | 925.9pp | 5087.3pp |
| EPS (Diluted) | $-0.09 | $-0.18 | $-0.23 | 50.1% | 60.9% |
| Free Cash Flow | -$20M | -$17M | -$25M | -17.7% | 21.6% |
| Item | Amount |
|---|---|
| REVENUE | $856.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$699.0K |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $20M |
| Operating Expenses | $31M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$32M |
| Interest Income | $696.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $630.0K |
| EBIT | -$28M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $630.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$966.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $46M |
| Net Receivables | $571.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $19M |
| Goodwill | $15M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $662.0K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $102M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $413.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$37M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$37M |
| TOTAL LIABILITIES & EQUITY | $102M |
| Total Debt | $5M |
| Net Debt | -$9M |
