| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $159M | $5M | -91.3% | 186.0% |
| Op. Income | -$27M | $111M | -$29M | -124.5% | 7.0% |
| Gross Margin | 100.0% | 100.0% | 77.0% | 0.0pp | 23.0pp |
| Net Margin | -170.0% | 71.2% | -531.9% | -241.1pp | 361.9pp |
| EPS (Diluted) | $-0.40 | $1.90 | $-0.46 | -121.1% | 13.0% |
| Free Cash Flow | -$26M | $132M | -$18M | -119.4% | -46.0% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $14M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $446.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $446.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$154.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$148M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $554.0K |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $146M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $270M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $107M |
| Tax Assets | $0 |
| Other Non-Current Assets | $721.0K |
| TOTAL NON-CURRENT ASSETS | $115M |
| TOTAL ASSETS | $385M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $736M |
| Retained Earnings | -$401M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $96.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $0 |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $385M |
| Total Debt | $2M |
| Net Debt | -$99M |
