| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | — | $277M | — | -4.4% |
| Op. Income | -$701.5K | — | -$1M | — | 50.0% |
| Gross Margin | 1.0% | — | 1.0% | — | 0.0pp |
| Net Margin | -0.4% | — | -0.6% | — | 0.2pp |
| EPS (Diluted) | $-0.04 | — | $-0.06 | — | 45.4% |
| Free Cash Flow | -$1M | — | $2M | — | -151.9% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $763.4K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $266M |
| OPERATING INCOME | -$701.5K |
| Interest Income | $0 |
| Interest Expense | $131.7K |
| Other Income/Expenses | -$289.5K |
| INCOME BEFORE TAX | -$990.9K |
| Income Tax Expense | $998 |
| Net Income from Continuing Ops | -$991.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$972.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$972.9K |
| D&A | $94.4K |
| EBIT | -$701.5K |
| EBITDA | -$607.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$972.9K |
| Depreciation & Amortization | $280.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$2.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.4K |
| NET CASH FROM INVESTING | -$1.2K |
| Net Debt Issuance | -$621.8K |
| Common Stock Repurchased | -$49.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26.8K |
| NET CASH FROM FINANCING | -$644.3K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$505.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | $215.4K |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $674.1K |
| Goodwill | $0 |
| Intangible Assets | $342.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$342.0K |
| TOTAL NON-CURRENT ASSETS | $674.1K |
| TOTAL ASSETS | $61M |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.1K |
| TOTAL LIABILITIES | $40M |
| Common Stock | $2.8K |
| Additional Paid-In Capital | $14M |
| Retained Earnings | $8M |
| Treasury Stock | -$5 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $100.2K |
| Net Debt | -$5M |
