| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | — | 5.0% | — |
| Op. Income | -$3M | -$3M | — | -15.0% | — |
| Gross Margin | 7.2% | 13.1% | — | -6.0pp | — |
| Net Margin | -64.0% | -61.2% | — | -2.8pp | — |
| EPS (Diluted) | $-0.21 | $-0.20 | — | -5.0% | — |
| Free Cash Flow | -$2M | -$1M | — | -57.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $514.9K |
| R&D Expenses | $607.0K |
| Selling & Marketing | $566.2K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | -$607.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $14.0K |
| 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 | $473.9K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $473.9K |
| Stock-Based Compensation | $254.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$64.3K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $3.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13 |
| NET CASH FROM INVESTING | -$2.9K |
| Net Debt Issuance | -$128.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $14.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206.6K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $45M |
| Goodwill | $2M |
| Intangible Assets | $351.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $254.7K |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $57M |
| Account Payables | $14M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $0 |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$100M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $32M |
| Net Debt | $32M |
