| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $8M | 8.6% | 17.3% |
| Op. Income | -$6M | -$6M | -$5M | 7.8% | -19.9% |
| Gross Margin | 60.3% | 60.5% | 63.5% | -0.2pp | -3.2pp |
| Net Margin | -63.3% | -71.0% | -56.1% | 7.7pp | -7.2pp |
| EPS (Diluted) | $-0.21 | $-0.22 | $-0.16 | 4.5% | -31.2% |
| Free Cash Flow | -$3M | -$6M | -$3M | 58.4% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $6M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $3M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $80.0K |
| Other Income/Expenses | -$132.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $626.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $626.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $193.0K |
| Change in Working Capital | $197.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$91.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $720.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $63M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $603.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $284.0K |
| Additional Paid-In Capital | $223M |
| Retained Earnings | -$203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $35M |
| Net Debt | -$6M |
