Revenue: $2.58M (QoQ -8.50%, YoY -31.68%)
Gross Profit: $1.4M (YoY +1,870.89%, QoQ +10.42%)
Operating Income: -$22.5M (YoY +17.74%, QoQ -44.53%)
Net Income: -$22.1M (YoY +19.08%, QoQ -55.55%)
EPS: -$976.72 (YoY -3,447.84%, QoQ -424,560.87%)
Tonix's gross profit margin stood at 54.18%, indicating some underlying operational strength despite overall losses. The significant drop in revenue attributed to the end of certain product trial phases continues to influence net income negatively, underscoring the vulnerability of the firm’s current portfolio and development strategy. The company maintained a solid cash position of $98.8 million, aiding operational sustainability even amid historical losses.