| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $22M | $39M | 37.6% | -19.9% |
| Op. Income | -$4M | -$3M | $1M | -34.5% | -420.1% |
| Gross Margin | 35.0% | 35.9% | 37.7% | -0.9pp | -2.7pp |
| Net Margin | -15.3% | -14.5% | -3.8% | -0.8pp | -11.5pp |
| EPS (Diluted) | $-9.18 | $-8.46 | $-5.52 | -8.5% | -66.3% |
| Free Cash Flow | $2M | -$5M | -$5M | 132.2% | 128.8% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $11M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$533.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $274.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$2M |
| EBITDA | $717.0K |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $179.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$32.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$317.0K |
| Other Financing Activities | $317.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$469.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $28M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $749.0K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $99M |
| Account Payables | $7M |
| Short-Term Debt | $39M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $870.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $91M |
| Common Stock | $0 |
| Additional Paid-In Capital | $119M |
| Retained Earnings | -$141M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $949.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $47M |
| Net Debt | $40M |
