| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $3M | 22.4% | -41.6% |
| Op. Income | -$20M | -$22M | -$16M | 8.1% | -23.6% |
| Gross Margin | 31.4% | 30.0% | 64.5% | 1.4pp | -33.1pp |
| Net Margin | -2201.8% | 2895.3% | -402.5% | -5097.1pp | -1799.3pp |
| EPS (Diluted) | $-0.13 | $0.15 | $-0.07 | -186.7% | -79.8% |
| Free Cash Flow | -$22M | -$16M | -$16M | -34.8% | -40.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $566.0K |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $7M |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$20M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$394M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$346M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $382M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $369M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $146M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $203M |
| TOTAL ASSETS | $637M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $118.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $698.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$552M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $133.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $0 |
| TOTAL EQUITY | $553M |
| TOTAL LIABILITIES & EQUITY | $637M |
| Total Debt | $8M |
| Net Debt | -$49M |
