| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -9.5% | 4.4% |
| Op. Income | -$993.0K | -$1M | -$2M | 27.4% | 38.2% |
| Gross Margin | 26.7% | 16.0% | 20.7% | 10.7pp | 6.0pp |
| Net Margin | -58.1% | -72.8% | -96.2% | 14.8pp | 38.1pp |
| EPS (Diluted) | $-0.06 | $-0.08 | $-0.09 | 29.0% | 38.1% |
| Free Cash Flow | -$791.0K | -$1M | -$854.0K | 41.1% | 7.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $437.0K |
| R&D Expenses | $257.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$993.0K |
| Interest Income | $40.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $40.0K |
| INCOME BEFORE TAX | -$953.0K |
| Income Tax Expense | -$3.0K |
| Net Income from Continuing Ops | -$950.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$950.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$950.0K |
| D&A | $0 |
| EBIT | -$993.0K |
| EBITDA | -$993.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$950.0K |
| Depreciation & Amortization | $100.0K |
| Stock-Based Compensation | $155.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$315.0K |
| Change in Working Capital | $219.0K |
| OPERATING CASH FLOW | -$791.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$33.0K |
| NET CASH FROM INVESTING | -$33.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24.0K |
| NET CASH FROM FINANCING | $380.0K |
| FREE CASH FLOW | -$791.0K |
| Net Change in Cash | -$448.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $458.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $755.0K |
| Goodwill | $0 |
| Intangible Assets | $236.0K |
| Long-Term Investments | $165.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $173.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $7M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $85.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $284.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $1M |
| Additional Paid-In Capital | $54M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$112.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $626.0K |
| Net Debt | -$2M |
