| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48.0K | $0 | $1.0K | — | 4700.0% |
| Op. Income | -$4M | -$4M | -$4M | 2.5% | 10.7% |
| Gross Margin | 89.6% | — | 100.0% | — | -10.4pp |
| Net Margin | -7543.8% | — | -383000.0% | — | 375456.3pp |
| EPS (Diluted) | $-0.99 | $-1.01 | $-1.07 | 2.0% | 7.5% |
| Free Cash Flow | -$3M | -$4M | -$3M | 24.6% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $48.0K |
| Cost of Revenue | $5.0K |
| GROSS PROFIT | $43.0K |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $323.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $323.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $5.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5.0K |
| Stock-Based Compensation | $441.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $237.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $14M |
| Net Receivables | $48.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $111.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $42M |
| Account Payables | $286.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $0 |
| Additional Paid-In Capital | $245M |
| Retained Earnings | -$212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $8M |
| Net Debt | -$9M |
