| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $481.0K | $263.0K | 235.1% | 512.9% |
| Op. Income | $389.0K | -$731.0K | -$1M | 153.2% | 134.5% |
| Gross Margin | 63.8% | 34.5% | 48.0% | 29.3pp | 15.8pp |
| Net Margin | -179.6% | -151.8% | -429.1% | -27.8pp | 249.5pp |
| EPS (Diluted) | $-0.24 | $-0.06 | $-0.09 | -300.0% | -158.9% |
| Free Cash Flow | -$440.0K | -$933.0K | -$1M | 52.8% | 67.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $584.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $268.0K |
| Selling & Marketing | $0 |
| General & Administrative | $371.0K |
| SG&A Expenses | $371.0K |
| Other Expenses | $0 |
| Operating Expenses | $639.0K |
| Cost & Expenses | $1M |
| OPERATING INCOME | $389.0K |
| Interest Income | $0 |
| Interest Expense | $283.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| 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 | $102.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $102.0K |
| Stock-Based Compensation | $149.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$401.0K |
| Capital Expenditure | -$39.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$440.0K |
| Net Change in Cash | -$440.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $142.5K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $5.3K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $7M |
| Account Payables | $182.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $488.8K |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $1.2K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $2M |
| Net Debt | -$676.6K |
