Reported March 30, 2025
| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $21M | — | -92.3% |
| Op. Income | -$2M | — | $2M | — | -202.6% |
| Gross Margin | 12.6% | — | 13.1% | — | -0.4pp |
| Net Margin | -124.6% | — | 7.5% | — | -132.0pp |
| EPS (Diluted) | $-0.09 | — | $0.08 | — | -220.2% |
| Free Cash Flow | -$613.1K | — | -$1M | — | 52.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $199.1K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $164 |
| Interest Expense | $0 |
| Other Income/Expenses | $1.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $18.3K |
| 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 | $1.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$170 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$680.4K |
| OPERATING CASH FLOW | -$613.1K |
| Capital Expenditure | $4 |
| 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 | -$35.0K |
| NET CASH FROM FINANCING | $589.4K |
| FREE CASH FLOW | -$613.1K |
| Net Change in Cash | -$28.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28.4K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $2M |
| Other Current Assets | $442.9K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $11.7K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $136 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $11.9K |
| TOTAL ASSETS | $2M |
| Account Payables | $26 |
| Short-Term Debt | $9.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.7K |
| TOTAL CURRENT LIABILITIES | $52.1K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $52.1K |
| Common Stock | $3.3K |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$231.9K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $9.5K |
| Net Debt | -$18.9K |