| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $100M | $43M | 3.1% | 137.9% |
| Op. Income | -$16M | -$9M | -$26M | -78.8% | 39.1% |
| Gross Margin | 30.3% | 30.6% | 22.1% | -0.3pp | 8.2pp |
| Net Margin | -8.8% | -9.2% | -60.4% | 0.3pp | 51.5pp |
| EPS (Diluted) | $-0.16 | $-0.18 | $-0.66 | 11.1% | 75.8% |
| Free Cash Flow | -$91M | -$79M | -$5M | -14.6% | -1691.8% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $31M |
| R&D Expenses | $21M |
| Selling & Marketing | $8M |
| General & Administrative | $18M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $119M |
| OPERATING INCOME | -$16M |
| Interest Income | $286.0K |
| Interest Expense | $818.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $6M |
| EBIT | -$8M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $211M |
| Inventory | $139M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $458M |
| PP&E (Net) | $291M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $797M |
| Account Payables | $133M |
| Short-Term Debt | $54M |
| Deferred Revenue | $256.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $134M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $372M |
| Common Stock | $62.0K |
| Additional Paid-In Capital | $894M |
| Retained Earnings | -$470M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $425M |
| Minority Interest | $0 |
| TOTAL EQUITY | $425M |
| TOTAL LIABILITIES & EQUITY | $797M |
| Total Debt | $211M |
| Net Debt | $147M |
