| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | — | $33M | — | -64.9% |
| Op. Income | -$29M | — | -$15M | — | -98.6% |
| Gross Margin | 58.1% | — | 64.5% | — | -6.4pp |
| Net Margin | -261.6% | — | -47.0% | — | -214.5pp |
| EPS (Diluted) | $-2.52 | — | $-1.94 | — | -29.9% |
| Free Cash Flow | -$2M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $7M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $505.8K |
| EBIT | -$29M |
| EBITDA | -$29M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $505.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $83.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $82.8K |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $96.0K |
| Other Current Assets | $950.1K |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $129.3K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $82M |
| Account Payables | $38M |
| Short-Term Debt | $46M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $126M |
| Retained Earnings | -$155M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$33M |
| Minority Interest | -$4M |
| TOTAL EQUITY | -$37M |
| TOTAL LIABILITIES & EQUITY | $82M |
| Total Debt | $49M |
| Net Debt | $44M |
