| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$84M | -$90M | -$59M | 6.8% | -43.1% |
| EPS (Diluted) | $-0.90 | $-0.95 | $-0.68 | 5.3% | -32.4% |
| Free Cash Flow | -$83M | -$80M | -$41M | -3.5% | -102.7% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$84M |
| Interest Income | $0 |
| Interest Expense | $518.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$83M |
| D&A | $542.0K |
| EBIT | -$83M |
| EBITDA | -$82M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$83M |
| Depreciation & Amortization | $842.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$422.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | -$177.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $324.0K |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $221M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $389M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $941.0K |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $263M |
| Minority Interest | $0 |
| TOTAL EQUITY | $263M |
| TOTAL LIABILITIES & EQUITY | $389M |
| Total Debt | $76M |
| Net Debt | -$26M |
