| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $1M | — | 6.7% |
| Op. Income | -$3M | — | -$2M | — | -120.8% |
| Gross Margin | 85.9% | — | 91.5% | — | -5.6pp |
| Net Margin | -298.2% | — | -196.3% | — | -101.9pp |
| EPS (Diluted) | $-0.21 | — | $-0.13 | — | -61.5% |
| Free Cash Flow | -$2M | — | -$975.0K | — | -154.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $151.0K |
| GROSS PROFIT | $917.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $296.0K |
| Interest Expense | $30.0K |
| Other Income/Expenses | $244.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $119.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $131.0K |
| Stock-Based Compensation | $327.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8.0K |
| Change in Working Capital | $247.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$129.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$109.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $8M |
| Net Receivables | $223.0K |
| Inventory | $0 |
| Other Current Assets | $423.0K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $43.0K |
| Goodwill | $4M |
| Intangible Assets | $379.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $19M |
| Account Payables | $14.0K |
| Short-Term Debt | $151.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.0K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $50.0K |
| TOTAL NON-CURRENT LIABILITIES | $50.0K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $213.0K |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $151.0K |
| Net Debt | -$6M |
