| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $10M | -6.3% | -5.7% |
| Op. Income | -$396.0K | -$1M | -$2M | 66.4% | 81.3% |
| Gross Margin | 65.2% | 66.2% | 58.8% | -1.1pp | 6.4pp |
| Net Margin | -24.8% | -11.2% | -20.3% | -13.5pp | -4.5pp |
| EPS (Diluted) | $-0.46 | $-0.22 | $-0.41 | -109.1% | -12.2% |
| Free Cash Flow | -$1M | -$398.0K | -$3M | -256.0% | 54.8% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $1M |
| SG&A Expenses | $7M |
| Other Expenses | $2M |
| Operating Expenses | $9M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$396.0K |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $189.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $335.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21.0K |
| Change in Working Capital | $532.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $168.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $556.0K |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $23M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $609M |
| TOTAL CURRENT ASSETS | $676M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $610M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$610M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $698M |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $671M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$69M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $698M |
| Total Debt | $35M |
| Net Debt | -$6M |
