| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | — | $16M | — | -14.9% |
| Op. Income | -$1M | — | -$10M | — | 86.3% |
| Gross Margin | 19.4% | — | 22.4% | — | -3.0pp |
| Net Margin | 2.6% | — | -61.7% | — | 64.3pp |
| EPS (Diluted) | $0.02 | — | $-0.51 | — | 103.2% |
| Free Cash Flow | -$739.7K | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $3M |
| R&D Expenses | $942.8K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | -$1 |
| Operating Expenses | $4M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $214.8K |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | $314.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $344.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $344.9K |
| D&A | $462.7K |
| EBIT | -$1M |
| EBITDA | -$968.5K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $344.9K |
| Depreciation & Amortization | $564.4K |
| Stock-Based Compensation | $218.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$731.6K |
| Capital Expenditure | -$8.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$739.7K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $8M |
| Other Current Assets | $299M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $663.2K |
| Goodwill | $10M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $528M |
| Account Payables | $13M |
| Short-Term Debt | $67M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $186M |
| TOTAL CURRENT LIABILITIES | $284M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $538.5K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $344M |
| Common Stock | $14.1K |
| Additional Paid-In Capital | $974M |
| Retained Earnings | -$762M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $191M |
| Minority Interest | -$7M |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $528M |
| Total Debt | $124M |
| Net Debt | $18M |
