| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $8M | $13M | 62.7% | -0.3% |
| Op. Income | -$260.0K | -$1M | $14.0K | 81.8% | -1957.1% |
| Gross Margin | 24.4% | 16.8% | 21.6% | 7.6pp | 2.7pp |
| Net Margin | -5.4% | -21.9% | -3.0% | 16.4pp | -2.5pp |
| EPS (Diluted) | $-0.13 | $-46.88 | $-8.43 | 99.7% | 98.5% |
| Free Cash Flow | -$2M | -$2M | $15.0K | 25.3% | -11486.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$260.0K |
| Interest Income | $0 |
| Interest Expense | $440.0K |
| Other Income/Expenses | -$440.0K |
| INCOME BEFORE TAX | -$700.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$700.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$700.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$700.0K |
| D&A | $114.0K |
| EBIT | -$260.0K |
| EBITDA | -$146.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$700.0K |
| Depreciation & Amortization | $114.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $737.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$971.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $773.0K |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $9M |
| Other Current Assets | $242.0K |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $5M |
| Goodwill | $23M |
| Intangible Assets | $61.0K |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $178.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $52M |
| Account Payables | $4M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $351.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $225M |
| Retained Earnings | -$199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $21M |
| Net Debt | $20M |
