| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | -0.1% | -30.7% |
| Op. Income | -$4M | -$4M | -$4M | -9.8% | -12.6% |
| Gross Margin | 86.0% | 87.7% | 80.0% | -1.7pp | 6.0pp |
| Net Margin | -256.7% | -132.0% | -297.6% | -124.6pp | 41.0pp |
| EPS (Diluted) | $-0.15 | $-0.08 | $-0.34 | -82.7% | 55.9% |
| Free Cash Flow | -$3M | -$984.0K | -$2M | -207.2% | -57.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $171.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $595.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $683.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $163.0K |
| Other Income/Expenses | $973.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1.0K |
| 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 | $788.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $788.0K |
| Stock-Based Compensation | $754.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$946.0K |
| Change in Working Capital | -$469.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11.0K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $961.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $918.0K |
| Inventory | $0 |
| Other Current Assets | $466.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $481.0K |
| Goodwill | $9M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $30M |
| Account Payables | $925.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $96M |
| Retained Earnings | -$82M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$86.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $0 |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $30M |
| Total Debt | $8M |
| Net Debt | $3M |
