| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $33M | $36M | 23.0% | 14.1% |
| Op. Income | $1M | $1M | -$1M | -21.2% | 188.6% |
| Gross Margin | 35.3% | 36.3% | 27.3% | -1.0pp | 8.0pp |
| Net Margin | -0.8% | 3.6% | -4.6% | -4.4pp | 3.8pp |
| EPS (Diluted) | $-0.04 | $0.15 | $-0.22 | -127.6% | 81.2% |
| Free Cash Flow | -$176.0K | $6M | $2M | -102.7% | -110.8% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $14M |
| R&D Expenses | $1M |
| Selling & Marketing | $7M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $938.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$50.0K |
| Income Tax Expense | $261.0K |
| Net Income from Continuing Ops | -$311.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$311.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$311.0K |
| D&A | $1M |
| EBIT | $888.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$312.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $481.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $162.0K |
| Capital Expenditure | -$338.0K |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$176.0K |
| Net Change in Cash | $834.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $51M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $21M |
| Goodwill | $25M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $86M |
| TOTAL ASSETS | $169M |
| Account Payables | $10M |
| Short-Term Debt | $23M |
| Deferred Revenue | $785.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $546.0K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $65M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $169M |
| Total Debt | $47M |
| Net Debt | $42M |
