| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $6M | 1.2% | 46.0% |
| Op. Income | -$4M | -$4M | -$4M | 2.7% | -14.3% |
| Gross Margin | 10.2% | 0.9% | -3.4% | 9.3pp | 13.5pp |
| Net Margin | -20.6% | -17.8% | 16.8% | -2.8pp | -37.4pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $0.04 | -27.6% | -279.2% |
| Free Cash Flow | $26M | -$28M | -$16M | 193.8% | 268.0% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $845.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$4M |
| Interest Income | $226.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $435.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $624.0K |
| Deferred Income Tax | $2.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $912.0K |
| OPERATING CASH FLOW | -$381.0K |
| Capital Expenditure | $27M |
| Acquisitions (Net) | $111.0K |
| Purchases of Investments | $21M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$73M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $18M |
| Net Receivables | $2M |
| Inventory | $9M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $65M |
| Long-Term Investments | $522M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$61M |
| TOTAL NON-CURRENT ASSETS | $585M |
| TOTAL ASSETS | $619M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $13M |
| Additional Paid-In Capital | $350M |
| Retained Earnings | $108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $77.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $472M |
| Minority Interest | $15M |
| TOTAL EQUITY | $487M |
| TOTAL LIABILITIES & EQUITY | $619M |
| Total Debt | $82M |
| Net Debt | $79M |
