| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $618.0K | $556.0K | $631.5K | 11.2% | -2.1% |
| Op. Income | -$21M | -$22M | -$19M | 4.1% | -10.7% |
| Gross Margin | 76.1% | 62.8% | 50.6% | 13.3pp | 25.5pp |
| Net Margin | -3371.2% | -3932.4% | -2962.2% | 561.2pp | -409.0pp |
| EPS (Diluted) | $-0.89 | $-0.93 | $-0.52 | 4.3% | -71.2% |
| Free Cash Flow | -$20M | -$22M | -$14M | 7.7% | -43.2% |
| Item | Amount |
|---|---|
| REVENUE | $618.0K |
| Cost of Revenue | $148.0K |
| GROSS PROFIT | $470.0K |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $22.0K |
| Other Income/Expenses | -$178.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $418.0K |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $418.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $64.0K |
| Change in Working Capital | -$768.0K |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$537.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$537.0K |
| Net Debt Issuance | -$312.0K |
| Common Stock Repurchased | -$97.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33.0K |
| NET CASH FROM FINANCING | -$442.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $687.0K |
| Inventory | $449.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $98.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $514.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $40M |
| Account Payables | $5M |
| Short-Term Debt | $387.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $30.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $767.0K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $354M |
| Retained Earnings | -$319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | -$374.0K |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $3M |
| Net Debt | -$26M |
