| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $94M | $116M | 8.8% | -12.0% |
| Op. Income | -$5M | -$11M | $5M | 51.5% | -216.7% |
| Gross Margin | 23.5% | 28.3% | 36.1% | -4.7pp | -12.5pp |
| Net Margin | -13.5% | -23.1% | 2.2% | 9.6pp | -15.7pp |
| EPS (Diluted) | $-0.11 | $-0.18 | $0.02 | 38.9% | -549.0% |
| Free Cash Flow | -$17M | $8M | $927.0K | -304.5% | -1943.7% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $24M |
| R&D Expenses | $11M |
| Selling & Marketing | $9M |
| General & Administrative | $10M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $573.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$577.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$750.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48.0K |
| NET CASH FROM FINANCING | -$282.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $151M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $292M |
| PP&E (Net) | $60M |
| Goodwill | $58M |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $156M |
| TOTAL ASSETS | $448M |
| Account Payables | $44M |
| Short-Term Debt | $19M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $155M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$18M |
| TOTAL NON-CURRENT LIABILITIES | $195M |
| TOTAL LIABILITIES | $395M |
| Common Stock | $119.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | -$555M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $448M |
| Total Debt | $204M |
| Net Debt | $163M |
