| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $4M | $3M | 206.4% | 336.2% |
| Op. Income | -$2M | -$2M | -$2M | -1.9% | -22.8% |
| Gross Margin | 7.8% | 33.0% | 41.8% | -25.2pp | -34.0pp |
| Net Margin | -16.1% | -51.1% | -62.4% | 35.1pp | 46.3pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.16 | 6.9% | 45.6% |
| Free Cash Flow | -$2M | -$1M | -$1M | -120.5% | -78.5% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $862.9K |
| R&D Expenses | $658.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$2M |
| Interest Income | $29.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $153.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $256.2K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $256.2K |
| Stock-Based Compensation | $98.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $119.8K |
| Change in Working Capital | -$954.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$126.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$6.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6.7K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $7M |
| Goodwill | $5M |
| Intangible Assets | $10M |
| Long-Term Investments | $348.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $49M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $20.6K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $4M |
| Net Debt | -$7M |
