| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $35M | $28M | -13.6% | 7.4% |
| Op. Income | -$5M | -$2M | -$4M | -130.9% | -11.2% |
| Gross Margin | 66.1% | 70.6% | 52.9% | -4.5pp | 13.2pp |
| Net Margin | -20.3% | -6.9% | -15.5% | -13.4pp | -4.8pp |
| EPS (Diluted) | $-0.22 | $-0.09 | $-0.17 | -147.5% | -29.4% |
| Free Cash Flow | $3M | $2M | -$4M | 63.7% | 175.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $20M |
| R&D Expenses | $1M |
| Selling & Marketing | $8M |
| General & Administrative | $11M |
| SG&A Expenses | $19M |
| Other Expenses | $4M |
| Operating Expenses | $25M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$5M |
| Interest Income | $277.0K |
| Interest Expense | $809.0K |
| Other Income/Expenses | -$628.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $843.0K |
| 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 | $7M |
| EBIT | -$4M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $843.0K |
| Other Non-Cash Items | $54.0K |
| Change in Working Capital | -$59.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$201.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $53M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $142.0K |
| Other Current Assets | $220M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $28M |
| Goodwill | $95M |
| Intangible Assets | $70M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $206M |
| TOTAL ASSETS | $506M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $64M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $311M |
| Common Stock | $274.0K |
| Additional Paid-In Capital | $510M |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $95.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $0 |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $506M |
| Total Debt | $73M |
| Net Debt | $7M |
