| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $923.8K | $648.7K | $355.1K | 42.4% | 160.2% |
| Op. Income | -$1M | -$2M | -$2M | 40.5% | 41.1% |
| Gross Margin | 24.8% | 45.6% | 49.8% | -20.7pp | -25.0pp |
| Net Margin | -115.5% | -389.5% | -728.6% | 274.0pp | 613.2pp |
| EPS (Diluted) | $-4.50 | $-17.49 | $-93.29 | 74.3% | 95.2% |
| Free Cash Flow | -$1M | -$2M | -$2M | 51.0% | 24.9% |
| Item | Amount |
|---|---|
| REVENUE | $923.8K |
| Cost of Revenue | $694.3K |
| GROSS PROFIT | $229.5K |
| R&D Expenses | $219.2K |
| Selling & Marketing | $244.2K |
| General & Administrative | $824.8K |
| SG&A Expenses | $1M |
| Other Expenses | $209.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $14.0K |
| Interest Expense | $35.3K |
| Other Income/Expenses | $201.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| 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 | $209.0K |
| EBIT | -$1M |
| EBITDA | -$822.3K |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $209.0K |
| Stock-Based Compensation | $19.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$167.6K |
| Change in Working Capital | -$168.9K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$24.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$331.5K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $790.6K |
| Inventory | $424.7K |
| Other Current Assets | $33.9K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $227.8K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $72.6K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $7M |
| Account Payables | $280.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $89.6K |
| Other Current Liabilities | $139.7K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $879.1K |
| TOTAL NON-CURRENT LIABILITIES | $907.2K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $32M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$97.5K |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $131.1K |
| Net Debt | -$3M |
