| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $81M | $74M | -2.6% | 6.8% |
| Op. Income | $5M | $2M | $6M | 235.4% | -11.4% |
| Gross Margin | 33.0% | 41.5% | 41.7% | -8.4pp | -8.6pp |
| Net Margin | -0.1% | -1.1% | 6.7% | 1.0pp | -6.8pp |
| EPS (Diluted) | $-0.00 | $-0.02 | $0.07 | 93.9% | -101.5% |
| Free Cash Flow | -$614.0K | $4M | -$4M | -117.3% | 83.7% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $26M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $10M |
| SG&A Expenses | $16M |
| Other Expenses | -$300.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $5M |
| Interest Income | $350.0K |
| Interest Expense | $837.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$70.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70.0K |
| D&A | $5M |
| EBIT | $2M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$70.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $608.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$499.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $393.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$614.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $51M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $160M |
| PP&E (Net) | $47M |
| Goodwill | $103M |
| Intangible Assets | $20M |
| Long-Term Investments | $4M |
| Tax Assets | $41M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $222M |
| TOTAL ASSETS | $382M |
| Account Payables | $52M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $127M |
| Common Stock | $0 |
| Additional Paid-In Capital | $489M |
| Retained Earnings | -$237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $447.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $54M |
| Net Debt | $1M |
