| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $1M | -44.5% | 11.0% |
| Op. Income | -$868.0K | -$738.0K | -$1M | -17.6% | 13.6% |
| Gross Margin | 31.1% | 30.7% | 34.8% | 0.4pp | -3.6pp |
| Net Margin | -54.2% | -26.0% | -69.1% | -28.2pp | 14.9pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.07 | -13.5% | 18.2% |
| Free Cash Flow | -$1M | -$534.0K | -$784.0K | -112.5% | -44.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $506.0K |
| R&D Expenses | $31.0K |
| Selling & Marketing | $634.0K |
| General & Administrative | $673.0K |
| SG&A Expenses | $1M |
| Other Expenses | $36.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$868.0K |
| Interest Income | $0 |
| Interest Expense | $12.0K |
| Other Income/Expenses | -$12.0K |
| INCOME BEFORE TAX | -$880.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$880.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$880.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$880.0K |
| D&A | $67.0K |
| EBIT | -$868.0K |
| EBITDA | -$801.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$880.0K |
| Depreciation & Amortization | $75.0K |
| Stock-Based Compensation | $139.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7.0K |
| Change in Working Capital | -$410.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$66.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66.0K |
| Net Debt Issuance | -$24.0K |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $712.0K |
| Short-Term Investments | $0 |
| Net Receivables | $573.0K |
| Inventory | $2M |
| Other Current Assets | $126.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $320.0K |
| Goodwill | $0 |
| Intangible Assets | $136.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $58.0K |
| TOTAL NON-CURRENT ASSETS | $514.0K |
| TOTAL ASSETS | $4M |
| Account Payables | $1M |
| Short-Term Debt | $107.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $69.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $69.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $0 |
| Additional Paid-In Capital | $67M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $176.0K |
| Net Debt | -$536.0K |
