Revenue Growth - Revenue for Q2 2025 was $1.7 million, a 403% increase from $0.3 million in Q2 2024, driven by the acquisition of CompuSystems, Inc. (CSI) [278] - Revenue for the first half of 2025 was $2.4 million, a 294% increase from $0.6 million in the same period of 2024, also attributed to the CSI acquisition [279] Profitability - Gross profit for Q2 2025 was $35,000, with a gross margin of 2%, compared to a gross profit of $11,000 and a margin of 3% in Q2 2024 [280] - The company recorded a net loss of $37.1 million for Q2 2025, compared to a net loss of $46.7 million for the first half of 2025 [295] Expenses - Research and development expenses for Q2 2025 were $4.2 million, up from $1.8 million in Q2 2024, primarily due to the acquisition of NYIAX assets and increased headcount [281] - General and administrative expenses for Q2 2025 were $6.5 million, an increase of $3.7 million from $2.8 million in Q2 2024, mainly due to higher amortization of intangible assets [285] - Interest expense for Q2 2025 was $17.2 million, a significant increase from $4,000 in Q2 2024, due to the issuance of Additional Warrants with the 2025 Notes [288] Cash Position - Cash and cash equivalents as of June 30, 2025, were $0.7 million, down from $3.3 million as of December 31, 2024 [294] Financing Activities - The company raised approximately $16.7 million from financing activities in the first half of 2025, compared to $14.9 million in the same period of 2024 [296] Strategic Acquisition - The strategic acquisition of CompuSystems, Inc. was finalized on May 20, 2025, enhancing capabilities in event management and data monetization [275]
WiSA Technologies(WISA) - 2025 Q2 - Quarterly Report