| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $2M | — | 117.8% |
| Op. Income | -$614.8K | — | $373.9K | — | -264.4% |
| Gross Margin | 13.0% | — | 27.0% | — | -14.0pp |
| Net Margin | -8.9% | — | -0.4% | — | -8.5pp |
| EPS (Diluted) | $-0.15 | — | $-0.00 | — | -5072.4% |
| Free Cash Flow | -$4M | — | -$235.1K | — | -1430.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $518.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$614.8K |
| Interest Income | $0 |
| Interest Expense | $90.0K |
| Other Income/Expenses | $274.8K |
| INCOME BEFORE TAX | -$340.0K |
| Income Tax Expense | $14.8K |
| Net Income from Continuing Ops | -$354.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$354.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$354.8K |
| D&A | $2M |
| EBIT | -$614.8K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$354.8K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$145.1K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$570.4K |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$973.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145.1K |
| Short-Term Investments | $0 |
| Net Receivables | $492.8K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $687.9K |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $13M |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $845.2K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $35.6K |
| Additional Paid-In Capital | $89M |
| Retained Earnings | -$79M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$146.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $3M |
| Net Debt | $2M |
