| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $83M | $72M | 21.1% | 39.5% |
| Op. Income | -$27M | -$38M | -$46M | 28.1% | 40.9% |
| Gross Margin | 9.3% | 0.8% | -26.6% | 8.5pp | 35.9pp |
| Net Margin | -11.0% | -104.4% | -58.3% | 93.4pp | 47.2pp |
| EPS (Diluted) | $-0.03 | $-0.27 | $-0.15 | 90.0% | 82.0% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $9M |
| R&D Expenses | $16M |
| Selling & Marketing | $4M |
| General & Administrative | $16M |
| SG&A Expenses | $21M |
| Other Expenses | -$863.0K |
| Operating Expenses | $36M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$27M |
| Interest Income | $76.0K |
| Interest Expense | $385.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $773.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $10M |
| EBIT | -$10M |
| EBITDA | -$368.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $128M |
| Inventory | $108M |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $421M |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $795.0K |
| Long-Term Investments | $3M |
| Tax Assets | $296.0K |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $171M |
| TOTAL ASSETS | $592M |
| Account Payables | $30M |
| Short-Term Debt | $24M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $237M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $135.0K |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $269M |
| Common Stock | $0 |
| Additional Paid-In Capital | $956M |
| Retained Earnings | -$548M |
| Treasury Stock | -$43M |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $324M |
| Minority Interest | $0 |
| TOTAL EQUITY | $324M |
| TOTAL LIABILITIES & EQUITY | $592M |
| Total Debt | $48M |
| Net Debt | -$18M |
