| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $6M | — | 69.3% |
| Op. Income | $4M | — | $3M | — | 32.9% |
| Gross Margin | 100.0% | — | 16.4% | — | 83.6pp |
| Net Margin | -472.2% | — | 1108.1% | — | -1580.3pp |
| EPS (Diluted) | $-2.96 | — | $6.56 | — | -145.1% |
| Free Cash Flow | $49M | — | $8M | — | 555.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | -$4M |
| EBIT | $4M |
| EBITDA | $0 |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $15.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100M |
| Change in Working Capital | $253.0K |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $217M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$922.7K |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$46.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $238.2K |
| Net Receivables | $841.7K |
| Inventory | $0 |
| Other Current Assets | $194.8K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $965M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $965M |
| TOTAL ASSETS | $969M |
| Account Payables | $0 |
| Short-Term Debt | $46.1K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $186M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $197M |
| Common Stock | $17.2K |
| Additional Paid-In Capital | $876M |
| Retained Earnings | -$104M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $772M |
| Minority Interest | $0 |
| TOTAL EQUITY | $772M |
| TOTAL LIABILITIES & EQUITY | $969M |
| Total Debt | $186M |
| Net Debt | $186M |
