| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $5M | — | -63.6% |
| Op. Income | -$989.2K | — | $1M | — | -169.2% |
| Gross Margin | 94.1% | — | 98.7% | — | -4.6pp |
| Net Margin | -47.9% | — | 17.6% | — | -65.6pp |
| EPS (Diluted) | $-0.33 | — | $0.33 | — | -200.0% |
| Free Cash Flow | -$674.6K | — | $1M | — | -154.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $115.3K |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $712.3K |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$989.2K |
| Interest Income | $556.0K |
| Interest Expense | $115.3K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$989.2K |
| Income Tax Expense | -$58.5K |
| Net Income from Continuing Ops | -$930.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$930.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$930.7K |
| D&A | $1.1K |
| EBIT | -$989.2K |
| EBITDA | -$988.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$930.7K |
| Depreciation & Amortization | $1.1K |
| Stock-Based Compensation | $33.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$149.4K |
| Change in Working Capital | $370.7K |
| OPERATING CASH FLOW | -$674.6K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3.3K |
| NET CASH FROM INVESTING | $3.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12.8K |
| FREE CASH FLOW | -$674.6K |
| Net Change in Cash | -$684.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247.3K |
| Short-Term Investments | $0 |
| Net Receivables | $635.9K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $625.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $385.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $6M |
| Account Payables | $792.5K |
| Short-Term Debt | $174.3K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $282 |
| Additional Paid-In Capital | $105M |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$18M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$18M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $12M |
| Net Debt | $11M |
