| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $16M | $13M | -38.7% | -21.3% |
| Op. Income | -$2M | $1M | -$4M | -329.3% | 37.1% |
| Gross Margin | 88.1% | 92.1% | 88.8% | -4.0pp | -0.7pp |
| Net Margin | -23.8% | 6.2% | -28.3% | -30.0pp | 4.5pp |
| EPS (Diluted) | $-0.08 | $0.03 | $-0.12 | -336.9% | 36.8% |
| Free Cash Flow | $14M | $2M | $5M | 710.0% | 177.4% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $9M |
| Operating Expenses | $11M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$2M |
| Interest Income | $35.0K |
| Interest Expense | $58.0K |
| Other Income/Expenses | $15.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$7.0K |
| 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 | $1M |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $43.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $684.0K |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$683.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $193.0K |
| NET CASH FROM INVESTING | -$490.0K |
| Net Debt Issuance | -$821.0K |
| Common Stock Repurchased | -$45.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$866.0K |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $367.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $46M |
| Account Payables | $3M |
| Short-Term Debt | $744.0K |
| Deferred Revenue | $18M |
| Other Current Liabilities | $932.0K |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $310.0K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $46M |
| Total Debt | $6M |
| Net Debt | -$11M |
