| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $26M | $31M | 7.8% | -8.2% |
| Op. Income | -$4M | -$4M | -$2M | 2.4% | -130.9% |
| Gross Margin | 50.9% | 56.1% | 66.7% | -5.2pp | -15.8pp |
| Net Margin | -14.1% | -18.6% | -0.3% | 4.6pp | -13.8pp |
| EPS (Diluted) | $-0.28 | $-0.34 | $-0.01 | 17.6% | -4645.8% |
| Free Cash Flow | -$2M | -$3M | -$4M | 43.9% | 63.0% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $14M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$4M |
| Interest Income | $214.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $214.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $681.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $677.0K |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$189.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $928.0K |
| NET CASH FROM INVESTING | -$539.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$82.0K |
| NET CASH FROM FINANCING | $179.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$204.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $17M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $66M |
| Goodwill | $8M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $188M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $756.0K |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $89M |
| Retained Earnings | $63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $148M |
| Minority Interest | $0 |
| TOTAL EQUITY | $148M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $25M |
| Net Debt | -$28M |
