| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $11M | $13M | -9.9% | -26.5% |
| Op. Income | -$5M | -$4M | -$2M | -19.7% | -221.7% |
| Gross Margin | 25.7% | 33.9% | 40.1% | -8.2pp | -14.4pp |
| Net Margin | -32.7% | -19.0% | -7.6% | -13.7pp | -25.0pp |
| EPS (Diluted) | $-0.11 | $-0.07 | $-0.03 | -58.0% | -217.0% |
| Free Cash Flow | -$2M | -$2M | -$6M | -10.8% | 70.1% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$5M |
| Interest Income | $194.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $423.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $0 |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $871.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$185.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$467.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$491.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $43M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $88M |
| PP&E (Net) | $18M |
| Goodwill | $11M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $21M |
| Other Non-Current Assets | $348.0K |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $149M |
| Account Payables | $4M |
| Short-Term Debt | $585.0K |
| Deferred Revenue | $443.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $35.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $306.0K |
| Additional Paid-In Capital | $159M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$110.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $131M |
| Minority Interest | $0 |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $10M |
| Net Debt | -$21M |
