| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $30M | $60M | 92.6% | -5.0% |
| Op. Income | $2M | -$7M | $3M | 130.7% | -31.9% |
| Gross Margin | 45.6% | 46.7% | 48.0% | -1.0pp | -2.4pp |
| Net Margin | 3.6% | -23.0% | 5.2% | 26.6pp | -1.5pp |
| EPS (Diluted) | $0.16 | $-0.54 | $0.24 | 129.6% | -33.3% |
| Free Cash Flow | -$13M | -$2M | -$7M | -554.4% | -90.5% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $26M |
| R&D Expenses | $1M |
| Selling & Marketing | $14M |
| General & Administrative | $8M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | -$75.0K |
| Other Income/Expenses | -$16.0K |
| 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 | $3M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $26M |
| R&D Expenses | $1M |
| Selling & Marketing | $14M |
| General & Administrative | $8M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | -$75.0K |
| Other Income/Expenses | -$16.0K |
| 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 | $3M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $848.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$986.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$662.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | -$364.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $124M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154.0K |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $241M |
| Account Payables | $19M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $281M |
| Retained Earnings | -$79M |
| Treasury Stock | -$32M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $170M |
| Minority Interest | $0 |
| TOTAL EQUITY | $170M |
| TOTAL LIABILITIES & EQUITY | $241M |
| Total Debt | $33M |
| Net Debt | $30M |
