| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $38M | $41M | -4.3% | -10.9% |
| Op. Income | -$708.0K | $571.0K | $1M | -224.0% | -166.7% |
| Gross Margin | 32.2% | 33.6% | 35.3% | -1.3pp | -3.1pp |
| Net Margin | -3.4% | -1.0% | -0.8% | -2.4pp | -2.7pp |
| EPS (Diluted) | $-0.16 | $-0.05 | $-0.04 | -221.9% | -286.5% |
| Free Cash Flow | $202.0K | $4M | -$176.0K | -95.3% | 214.8% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $12M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$708.0K |
| Interest Income | $0 |
| Interest Expense | $885.0K |
| Other Income/Expenses | -$989.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$454.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $1M |
| EBIT | -$812.0K |
| EBITDA | $468.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $499.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$43.0K |
| Change in Working Capital | -$244.0K |
| OPERATING CASH FLOW | $249.0K |
| Capital Expenditure | -$47.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$324.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $202.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $48M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $75M |
| PP&E (Net) | $66M |
| Goodwill | $15M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | -$44M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $143M |
| Account Payables | $7M |
| Short-Term Debt | $25M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $67M |
| Common Stock | $552.0K |
| Additional Paid-In Capital | $65M |
| Retained Earnings | $48M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $143M |
| Total Debt | $27M |
| Net Debt | $23M |
