| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -17.6% | 7.6% |
| Op. Income | -$3M | -$3M | -$4M | -9.3% | 24.1% |
| Gross Margin | 14.6% | 21.5% | -12.5% | -6.9pp | 27.1pp |
| Net Margin | -187.2% | -153.5% | -683.5% | -33.6pp | 496.3pp |
| EPS (Diluted) | $-9.92 | $-37.60 | $-1898.40 | 73.6% | 99.5% |
| Free Cash Flow | -$7M | -$3M | -$7M | -147.1% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $297.8K |
| R&D Expenses | $165.0K |
| Selling & Marketing | $725.5K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $476.2K |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $646.2K |
| Other Income/Expenses | -$540.2K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$92 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $416.8K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $416.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$211.5K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$674.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$674.1K |
| NET CASH FROM INVESTING | -$674.4K |
| Net Debt Issuance | -$212.1K |
| Common Stock Repurchased | -$3.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $689.6K |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $581.7K |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $197.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $20M |
| Account Payables | $2M |
| Short-Term Debt | $218.9K |
| Deferred Revenue | $273.3K |
| Other Current Liabilities | $252.2K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $211.5K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $129M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $724.0K |
| Net Debt | -$6M |
