| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119.0K | $219.0K | $370.0K | -45.7% | -67.8% |
| Op. Income | -$29M | -$26M | -$18M | -11.8% | -60.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -20872.3% | -9806.4% | -4443.5% | -11065.9pp | -16428.8pp |
| EPS (Diluted) | $-0.56 | $-0.49 | $-0.39 | -14.3% | -43.6% |
| Free Cash Flow | -$20M | -$24M | -$13M | 14.2% | -54.9% |
| Item | Amount |
|---|---|
| REVENUE | $119.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $119.0K |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$29M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $405.0K |
| EBIT | -$29M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $400.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$58.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$786.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $339.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $137M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $53M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $415M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $45.0K |
| Additional Paid-In Capital | $542M |
| Retained Earnings | -$165M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $176.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $378M |
| Minority Interest | $0 |
| TOTAL EQUITY | $378M |
| TOTAL LIABILITIES & EQUITY | $415M |
| Total Debt | $25M |
| Net Debt | -$165M |
