| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $60M | $56M | -8.6% | -2.2% |
| Op. Income | -$11M | -$7M | -$8M | -61.2% | -34.0% |
| Gross Margin | 35.6% | 34.4% | 36.1% | 1.2pp | -0.5pp |
| Net Margin | -15.3% | -8.7% | -9.7% | -6.6pp | -5.5pp |
| EPS (Diluted) | $-0.22 | $-0.14 | $-0.14 | -57.1% | -57.1% |
| Free Cash Flow | -$11M | -$3M | -$744.0K | -246.9% | -1417.1% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$11M |
| Interest Income | $153.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$831.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $3M |
| EBIT | -$9M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$880.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $54.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$961.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$961.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $92M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $176M |
| PP&E (Net) | $18M |
| Goodwill | $4M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $35.0K |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $287M |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $701M |
| Retained Earnings | -$422M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $287M |
| Total Debt | $16M |
| Net Debt | -$13M |
