| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $43M | $45M | 21.3% | 16.3% |
| Op. Income | -$3M | -$6M | -$4M | 41.5% | 10.8% |
| Gross Margin | 55.2% | 58.8% | 54.7% | -3.6pp | 0.5pp |
| Net Margin | -10.9% | -17.8% | -12.8% | 7.0pp | 1.9pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.03 | 25.5% | 4.5% |
| Free Cash Flow | -$3M | -$956.0K | $360.0K | -205.8% | -911.9% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $29M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | -$8M |
| Operating Expenses | $32M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $76.0K |
| NET INCOME | -$6M |
| D&A | $344.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $344.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $661.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$477.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$98.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$129.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $62M |
| Net Receivables | $31M |
| Inventory | $55M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $169M |
| PP&E (Net) | $16M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $213M |
| Account Payables | $31M |
| Short-Term Debt | $28M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $57M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $191.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$273.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $55M |
| Minority Interest | $742.0K |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $213M |
| Total Debt | $99M |
| Net Debt | $83M |
