| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $8M | $500.0K | 97.1% | 3043.4% |
| Op. Income | -$48M | -$37M | -$15M | -28.1% | -210.4% |
| Gross Margin | 68.3% | 49.3% | 100.0% | 19.0pp | -31.7pp |
| Net Margin | -285.6% | -425.7% | -2503.2% | 140.1pp | 2217.6pp |
| EPS (Diluted) | $-0.46 | $-0.35 | $-0.13 | -31.4% | -253.8% |
| Free Cash Flow | -$40M | -$41M | -$7M | 2.9% | -441.8% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $11M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $279.0K |
| EBIT | -$45M |
| EBITDA | -$45M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $279.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $693.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$51.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $189M |
| Net Receivables | $26M |
| Inventory | $9M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $281M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $313M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $746.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $121M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $394M |
| Retained Earnings | -$202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $192M |
| Minority Interest | $0 |
| TOTAL EQUITY | $192M |
| TOTAL LIABILITIES & EQUITY | $313M |
| Total Debt | $2M |
| Net Debt | -$50M |
