| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $15M | $2M | -79.4% | 41.8% |
| Op. Income | -$27M | -$11M | -$19M | -134.7% | -40.7% |
| Gross Margin | 63.8% | 92.5% | 63.6% | -28.7pp | 0.3pp |
| Net Margin | -5406.4% | -36.1% | -814.4% | -5370.3pp | -4592.0pp |
| EPS (Diluted) | $-0.57 | $-0.02 | $-0.10 | -2915.9% | -470.0% |
| Free Cash Flow | -$16M | -$20M | -$15M | 18.7% | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $13M |
| Selling & Marketing | $7M |
| General & Administrative | $9M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $206.0K |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | -$167M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $507.0K |
| EBIT | -$167M |
| EBITDA | -$167M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $507.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $144M |
| Change in Working Capital | $715.0K |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$749.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $890.0K |
| NET CASH FROM INVESTING | $141.0K |
| Net Debt Issuance | -$365.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $529M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $515M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $819M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $791.0K |
| TOTAL CURRENT ASSETS | $829M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $586.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $483.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $844M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $654.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $149M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$800M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $694M |
| Minority Interest | $0 |
| TOTAL EQUITY | $694M |
| TOTAL LIABILITIES & EQUITY | $844M |
| Total Debt | $40M |
| Net Debt | -$779M |
