| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $12M | $10M | 108.1% | 151.0% |
| Op. Income | -$20M | -$3M | -$3M | -539.1% | -631.0% |
| Gross Margin | 61.2% | 36.0% | 59.0% | 25.2pp | 2.2pp |
| Net Margin | 23.9% | -16.7% | -57.3% | 40.6pp | 81.2pp |
| EPS (Diluted) | $0.22 | $-0.08 | $-0.23 | 391.8% | 195.7% |
| Free Cash Flow | -$22M | -$10M | -$5M | -115.1% | -325.8% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $15M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $29M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$20M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$722.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$722.1K |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $11M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $8M |
| Goodwill | $572M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $245.6K |
| TOTAL NON-CURRENT ASSETS | $669M |
| TOTAL ASSETS | $748M |
| Account Payables | $14M |
| Short-Term Debt | $17M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $847.8K |
| Deferred Revenue NC | $7.9K |
| Deferred Tax Liabilities | $767.3K |
| Other Non-Current Liabilities | $50.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $27 |
| Additional Paid-In Capital | $873M |
| Retained Earnings | -$203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | -$5 |
| TOTAL STOCKHOLDERS' EQUITY | $680M |
| Minority Interest | $0 |
| TOTAL EQUITY | $680M |
| TOTAL LIABILITIES & EQUITY | $748M |
| Total Debt | $19M |
| Net Debt | -$22M |
