| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $13M | — | -39.4% |
| Op. Income | -$10M | — | $5M | — | -305.3% |
| Gross Margin | 82.1% | — | 87.5% | — | -5.4pp |
| Net Margin | -141.9% | — | 33.0% | — | -174.9pp |
| EPS (Diluted) | $-0.43 | — | $-0.32 | — | -35.2% |
| Free Cash Flow | -$3M | — | -$4M | — | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $7M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$10M |
| Interest Income | $762 |
| Interest Expense | $358.2K |
| Other Income/Expenses | -$349.6K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $559.1K |
| 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 | $789.9K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $789.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2.9K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$44.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44.6K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $719.7K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $1M |
| Other Current Assets | $332.7K |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $7M |
| Goodwill | $58.9K |
| Intangible Assets | $12.6K |
| Long-Term Investments | $0 |
| Tax Assets | $700.5K |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $77M |
| Account Payables | $2M |
| Short-Term Debt | $17M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $2.7K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $36.1K |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $77M |
| Total Debt | $23M |
| Net Debt | $20M |
