| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $11M | $12M | 75.6% | 60.7% |
| Op. Income | -$66M | -$64M | -$47M | -4.0% | -40.6% |
| Gross Margin | 28.1% | 35.0% | 32.1% | -6.9pp | -4.1pp |
| Net Margin | -319.6% | -531.6% | -522.8% | 212.0pp | 203.2pp |
| EPS (Diluted) | $-0.21 | $-0.20 | $-0.22 | -4.3% | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $5M |
| R&D Expenses | $47M |
| Selling & Marketing | $2M |
| General & Administrative | $23M |
| SG&A Expenses | $25M |
| Other Expenses | $254.2K |
| Operating Expenses | $72M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$66M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $209.8K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $0 |
| EBIT | -$66M |
| EBITDA | -$66M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $561M |
| Short-Term Investments | $290M |
| Net Receivables | $76M |
| Inventory | $42M |
| Other Current Assets | $478.2K |
| TOTAL CURRENT ASSETS | $969M |
| PP&E (Net) | $52M |
| Goodwill | $7M |
| Intangible Assets | $3M |
| Long-Term Investments | $8M |
| Tax Assets | $72.8K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $7M |
| Short-Term Debt | $15M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $582.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $944M |
| TOTAL STOCKHOLDERS' EQUITY | $944M |
| Minority Interest | $0 |
| TOTAL EQUITY | $944M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $30M |
| Net Debt | -$531M |
