| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $9M | — | 39.6% | — |
| Op. Income | -$861.0K | -$3M | — | 68.7% | — |
| Gross Margin | 50.8% | 41.5% | — | 9.4pp | — |
| Net Margin | -10.1% | -33.7% | — | 23.6pp | — |
| EPS (Diluted) | $-0.09 | $-0.20 | — | 56.3% | — |
| Free Cash Flow | -$1M | -$2M | — | 54.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$861.0K |
| Interest Income | $0 |
| Interest Expense | $337.0K |
| Other Income/Expenses | -$336.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $974.0K |
| EBIT | -$860.0K |
| EBITDA | $114.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $974.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $814.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$667.0K |
| Capital Expenditure | -$400.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$397.0K |
| Net Debt Issuance | -$107.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$328.0K |
| NET CASH FROM FINANCING | -$462.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $3M |
| Goodwill | $7M |
| Intangible Assets | $18M |
| Long-Term Investments | $160.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $61M |
| Account Payables | $7M |
| Short-Term Debt | $8M |
| Deferred Revenue | $352.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61.0K |
| TOTAL NON-CURRENT LIABILITIES | $432.0K |
| TOTAL LIABILITIES | $32M |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | -$509M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$297.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | -$1M |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $8M |
| Net Debt | $6M |
