| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $937.6K | $332.4K | 407.7% | 1331.8% |
| Op. Income | -$10M | -$10M | -$14M | 2.6% | 28.4% |
| Gross Margin | -33.6% | -375.1% | -894.4% | 341.5pp | 860.8pp |
| Net Margin | -195.0% | -1098.5% | -4031.0% | 903.5pp | 3836.0pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.18 | 21.8% | 60.1% |
| Free Cash Flow | -$11M | -$8M | -$8M | -43.8% | -42.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $548.1K |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $593.5K |
| 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 | $2M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $284.7K |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $766.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $123M |
| Account Payables | $486.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $127.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $131.0K |
| Additional Paid-In Capital | $399M |
| Retained Earnings | -$280M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $119M |
| Minority Interest | $0 |
| TOTAL EQUITY | $119M |
| TOTAL LIABILITIES & EQUITY | $123M |
| Total Debt | $250.4K |
| Net Debt | -$48M |
