| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $12M | — | -36.2% |
| Op. Income | -$4M | — | -$2M | — | -98.5% |
| Gross Margin | 11.2% | — | 28.3% | — | -17.0pp |
| Net Margin | -67.1% | — | -15.0% | — | -52.1pp |
| EPS (Diluted) | $-0.29 | — | $-0.14 | — | -107.1% |
| Free Cash Flow | -$6M | — | -$108.7K | — | -5423.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $867.0K |
| R&D Expenses | $533.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$4M |
| Interest Income | $83.4K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$238.3K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$238.7K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$117.4K |
| OPERATING CASH FLOW | -$2M |
| 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 | -$381.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$381.6K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $20M |
| Tax Assets | $3M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $114M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $264.2K |
| Other Current Liabilities | $118.9K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $652.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $118M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $44 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $114M |
| Total Debt | $15M |
| Net Debt | $9M |
