| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $103M | $105M | 0.1% | -1.7% |
| Op. Income | -$9M | -$9M | -$8M | 8.1% | -4.5% |
| Gross Margin | 11.1% | 10.9% | 11.0% | 0.2pp | 0.1pp |
| Net Margin | -10.4% | -10.5% | -52.5% | 0.0pp | 42.1pp |
| EPS (Diluted) | $-0.20 | $-0.20 | $-1.96 | 0.0% | 89.8% |
| Free Cash Flow | -$10M | $15M | -$15M | -165.6% | 38.3% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $1M |
| Operating Expenses | $20M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $9.6K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42.2K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18.0K |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$188.4K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $374.7K |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $859.1K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $107M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $546 |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$18M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$18M |
| TOTAL LIABILITIES & EQUITY | $107M |
| Total Debt | $78M |
| Net Debt | $78M |
