| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $0 | — | — | — |
| Op. Income | -$236.9K | -$39.6K | — | -498.3% | — |
| Gross Margin | 27.5% | — | — | — | — |
| Net Margin | 4.7% | — | — | — | — |
| EPS (Diluted) | $0.10 | $-0.00 | — | 7638.5% | — |
| Free Cash Flow | -$7M | $473.3K | — | -1527.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $17M |
| R&D Expenses | $917.0K |
| Selling & Marketing | $5M |
| General & Administrative | $10M |
| SG&A Expenses | $16M |
| Other Expenses | -$16M |
| Operating Expenses | $236.9K |
| Cost & Expenses | $236.9K |
| OPERATING INCOME | -$236.9K |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$567.1K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$226M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$226M |
| Net Debt Issuance | -$279.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $227M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $367.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $176M |
| Goodwill | $21M |
| Intangible Assets | $0 |
| Long-Term Investments | $228M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$223M |
| TOTAL NON-CURRENT ASSETS | $202M |
| TOTAL ASSETS | $253M |
| Account Payables | $0 |
| Short-Term Debt | $52M |
| Deferred Revenue | $116M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $193M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $382M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$295M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $165M |
| TOTAL STOCKHOLDERS' EQUITY | -$130M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$130M |
| TOTAL LIABILITIES & EQUITY | $253M |
| Total Debt | $176M |
| Net Debt | $159M |
