| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -17.7% | -9.5% |
| Op. Income | -$28M | -$16M | -$18M | -76.3% | -54.1% |
| Gross Margin | -63.8% | 61.2% | -52.5% | -124.9pp | -11.3pp |
| Net Margin | -1415.0% | -692.8% | -3567.8% | -722.2pp | 2152.7pp |
| EPS (Diluted) | $-3.86 | $-2.84 | $-1928.00 | -35.9% | 99.8% |
| Free Cash Flow | -$17M | -$17M | -$10M | -4.7% | -75.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $27M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$28M |
| Interest Income | $943.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $24.0K |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $483.0K |
| EBIT | -$28M |
| EBITDA | -$28M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $483.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $6M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $120.0K |
| Long-Term Investments | $900.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $31.0K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $187M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $297.0K |
| TOTAL LIABILITIES | $19M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $944M |
| Retained Earnings | -$776M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$270.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $187M |
| Total Debt | $492.0K |
| Net Debt | -$125M |
