| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $14M | $13M | 7.5% | 11.7% |
| Op. Income | -$3M | -$833.1K | -$3M | -217.5% | -5.7% |
| Gross Margin | 7.9% | 14.9% | 5.8% | -7.1pp | 2.1pp |
| Net Margin | -19.2% | -6.0% | -19.6% | -13.2pp | 0.4pp |
| EPS (Diluted) | $-0.10 | $-0.03 | $-0.15 | -187.7% | 34.4% |
| Free Cash Flow | -$1M | -$200.1K | -$1M | -563.8% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $1M |
| R&D Expenses | $74.6K |
| Selling & Marketing | $21.7K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $353.9K |
| Operating Expenses | $4M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$3M |
| Interest Income | $105.8K |
| Interest Expense | $551.9K |
| Other Income/Expenses | -$182.7K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $353.9K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $353.9K |
| Stock-Based Compensation | $603.0K |
| Deferred Income Tax | $15.1K |
| Other Non-Cash Items | $346.1K |
| Change in Working Capital | $300.1K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$118.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $94.4K |
| NET CASH FROM INVESTING | $71.8K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$182.4K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$87.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $655.5K |
| Short-Term Investments | $30.3K |
| Net Receivables | $18M |
| Inventory | $5M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $13M |
| Goodwill | $49.7K |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $62M |
| Account Payables | $13M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $29.8K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | -$118M |
| Treasury Stock | -$917.2K |
| Accum. Other Comp. Income | $458.8K |
| Other Equity | -$20 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $16M |
| Net Debt | $15M |
