| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148.0K | $297.0K | $261.0K | -50.2% | -43.3% |
| Op. Income | -$4M | -$4M | -$4M | -10.3% | 9.7% |
| Gross Margin | 5.4% | 63.3% | 59.4% | -57.9pp | -54.0pp |
| Net Margin | -2653.4% | -1166.7% | -1536.0% | -1486.7pp | -1117.4pp |
| EPS (Diluted) | $-2.34 | $-2.07 | $-2.45 | -13.0% | 4.5% |
| Free Cash Flow | -$4M | -$4M | -$3M | 9.8% | -17.6% |
| Item | Amount |
|---|---|
| REVENUE | $148.0K |
| Cost of Revenue | $140.0K |
| GROSS PROFIT | $8.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$26.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $293.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $293.0K |
| Stock-Based Compensation | $189.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3.0K |
| Change in Working Capital | -$95.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$411.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$4M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $16.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34.0K |
| NET CASH FROM FINANCING | -$18.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $449.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $7M |
| Net Receivables | $133.0K |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $50.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $346.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $20M |
| Account Payables | $649.0K |
| Short-Term Debt | $268.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $191M |
| Additional Paid-In Capital | $84M |
| Retained Earnings | -$258M |
| Treasury Stock | -$119.0K |
| Accum. Other Comp. Income | -$548.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $5M |
| Net Debt | $2M |
