| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $2M | -31.5% | -47.1% |
| Op. Income | -$3M | -$3M | -$2M | 4.2% | -20.5% |
| Gross Margin | 19.9% | 26.2% | 41.3% | -6.3pp | -21.4pp |
| Net Margin | -319.9% | -143.5% | -88.0% | -176.3pp | -231.9pp |
| EPS (Diluted) | $-5.07 | $-4.80 | $-5.70 | -5.6% | 11.1% |
| Free Cash Flow | -$3M | -$2M | -$2M | -57.2% | -70.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $252.9K |
| R&D Expenses | $440.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $113.2K |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $2.0K |
| Interest Expense | $10.5K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $29.0K |
| 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 | $113.2K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $113.2K |
| Stock-Based Compensation | $211.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $25.9K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$13.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13.4K |
| Net Debt Issuance | -$167.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $387.4K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $358.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $802.8K |
| Short-Term Investments | $0 |
| Net Receivables | $421.9K |
| Inventory | $44.0K |
| Other Current Assets | $259.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $919.0K |
| Goodwill | $1M |
| Intangible Assets | $746.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.8K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $5M |
| Account Payables | $1M |
| Short-Term Debt | $32.9K |
| Deferred Revenue | $24.4K |
| Other Current Liabilities | $776.1K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $46.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $197.2K |
| Additional Paid-In Capital | $58M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $670.0K |
| Net Debt | -$132.8K |
