| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $132M | 56.3% | -96.7% |
| Op. Income | -$85M | -$66M | $58M | -29.0% | -244.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -2845.4% | -2128.5% | 50.7% | -716.9pp | -2896.1pp |
| EPS (Diluted) | $-2.34 | $-1.12 | $1.22 | -108.9% | -291.8% |
| Free Cash Flow | -$46M | -$53M | $16M | 13.1% | -393.5% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $33M |
| Operating Expenses | $89M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$85M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$81M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | -$126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126M |
| D&A | $225.0K |
| EBIT | -$52M |
| EBITDA | -$52M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$126M |
| Depreciation & Amortization | $225.0K |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $45M |
| Other Non-Cash Items | $683.0K |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$86.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$74.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$74.0K |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $385M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $860.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $478.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $399M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $538.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $324M |
| Minority Interest | $0 |
| TOTAL EQUITY | $324M |
| TOTAL LIABILITIES & EQUITY | $399M |
| Total Debt | $10M |
| Net Debt | -$362M |
