| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $76M | $73M | 4.9% | 9.0% |
| Op. Income | -$2M | -$11M | -$11M | 76.6% | 77.6% |
| Gross Margin | 53.1% | 55.3% | 54.8% | -2.2pp | -1.7pp |
| Net Margin | -8.0% | -14.4% | -14.7% | 6.4pp | 6.7pp |
| EPS (Diluted) | $-0.15 | $-0.26 | $-0.26 | 42.3% | 42.3% |
| Free Cash Flow | $4M | -$17M | $2M | 125.5% | 152.9% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $42M |
| R&D Expenses | $8M |
| Selling & Marketing | $27M |
| General & Administrative | $10M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $102.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$5.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $6M |
| EBIT | -$6M |
| EBITDA | -$436.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$48.0K |
| Other Non-Cash Items | $790.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$422.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$92.0K |
| NET CASH FROM FINANCING | -$92.0K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $66M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $270M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $386.0K |
| Additional Paid-In Capital | $629M |
| Retained Earnings | -$446M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $998.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $176M |
| Minority Interest | $0 |
| TOTAL EQUITY | $176M |
| TOTAL LIABILITIES & EQUITY | $270M |
| Total Debt | $0 |
| Net Debt | -$42M |
