| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $591.0K | $842.0K | $622.0K | -29.8% | -5.0% |
| Op. Income | -$30M | -$25M | -$26M | -19.9% | -13.9% |
| Gross Margin | 59.4% | 57.7% | 56.9% | 1.7pp | 2.5pp |
| Net Margin | -4879.2% | -2279.0% | -3713.7% | -2600.2pp | -1165.5pp |
| EPS (Diluted) | $-0.16 | $-0.11 | $-0.16 | -45.5% | 0.0% |
| Free Cash Flow | -$21M | -$27M | -$20M | 25.3% | -4.3% |
| Item | Amount |
|---|---|
| REVENUE | $591.0K |
| Cost of Revenue | $240.0K |
| GROSS PROFIT | $351.0K |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $3M |
| Operating Expenses | $30M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $20.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $1M |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$188.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$327.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $41.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $192M |
| Net Receivables | $6M |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $226M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $810.0K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $254M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $99.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $866M |
| Retained Earnings | -$645M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $254M |
| Total Debt | $11M |
| Net Debt | -$11M |
