| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $15M | 11.9% | -52.2% |
| Op. Income | -$4M | -$16M | -$5M | 71.3% | 6.8% |
| Gross Margin | 20.3% | 7.9% | 15.9% | 12.3pp | 4.4pp |
| Net Margin | -60.5% | -245.5% | -33.2% | 185.0pp | -27.3pp |
| EPS (Diluted) | $-0.28 | $-1.04 | $-0.34 | 73.1% | 17.6% |
| Free Cash Flow | -$1M | -$2M | $3M | 40.7% | -138.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$4M |
| Interest Income | $14.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $189.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $845.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $845.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$318.0K |
| Capital Expenditure | -$768.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11.0K |
| NET CASH FROM INVESTING | -$768.0K |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $910.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $11M |
| Other Current Assets | $67.0K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $122.0K |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $47M |
| Account Payables | $7M |
| Short-Term Debt | $65.0K |
| Deferred Revenue | $846.0K |
| Other Current Liabilities | $494.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $165.0K |
| Deferred Revenue NC | $830.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $151M |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$62.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $2M |
| Net Debt | -$2M |
