| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $5M | — | 2.3% |
| Op. Income | -$27M | — | -$14M | — | -93.2% |
| Gross Margin | 40.1% | — | 25.9% | — | 14.2pp |
| Net Margin | -84.1% | — | -362.2% | — | 278.2pp |
| EPS (Diluted) | $-1.06 | — | $-1.94 | — | 45.4% |
| Free Cash Flow | -$15M | — | -$8M | — | -89.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $6M |
| Selling & Marketing | $7M |
| General & Administrative | $16M |
| SG&A Expenses | $23M |
| Other Expenses | $163.0K |
| Operating Expenses | $29M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $360.8K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $379.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $379.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$35.0K |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$161.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $27.7K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$219.0K |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $136M |
| PP&E (Net) | $5M |
| Goodwill | $8M |
| Intangible Assets | $401.0K |
| Long-Term Investments | $4M |
| Tax Assets | $829.0K |
| Other Non-Current Assets | $297.0K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $155M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $197.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $13.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $456.0K |
| Additional Paid-In Capital | $326M |
| Retained Earnings | -$299M |
| Treasury Stock | -$502.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $1.0K |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $95M |
| TOTAL EQUITY | $127M |
| TOTAL LIABILITIES & EQUITY | $155M |
| Total Debt | $5M |
| Net Debt | -$120M |
