| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | — | $7M | — | 81.1% |
| Op. Income | -$2M | — | -$4M | — | 38.9% |
| Gross Margin | 28.3% | — | 19.6% | — | 8.6pp |
| Net Margin | -15.0% | — | -47.9% | — | 32.9pp |
| EPS (Diluted) | $-0.14 | — | $-0.30 | — | 53.3% |
| Free Cash Flow | -$108.7K | — | -$2M | — | 94.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $3M |
| R&D Expenses | $665.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$2M |
| Interest Income | $6.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $270.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$99.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $66.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $399.5K |
| Deferred Income Tax | -$108.5K |
| Other Non-Cash Items | -$56.3K |
| Change in Working Capital | $541.9K |
| OPERATING CASH FLOW | $942.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $787 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$772.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$772.5K |
| FREE CASH FLOW | -$108.7K |
| Net Change in Cash | -$898.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $3M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $98M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $224.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $92M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $42 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $18M |
| Net Debt | $12M |
