| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $6M | 9.9% | 20.2% |
| Op. Income | -$4M | -$4M | -$3M | 8.3% | -35.3% |
| Gross Margin | 87.3% | 84.9% | 86.3% | 2.4pp | 0.9pp |
| Net Margin | -49.7% | -57.4% | -43.2% | 7.6pp | -6.5pp |
| EPS (Diluted) | $-0.44 | $-0.47 | $-0.38 | 6.4% | -15.8% |
| Free Cash Flow | -$648.0K | -$4M | -$2M | 85.2% | 63.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $939.0K |
| GROSS PROFIT | $6M |
| R&D Expenses | $511.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$4M |
| Interest Income | $68.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$165.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $159.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $159.0K |
| Stock-Based Compensation | $505.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $670.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$623.0K |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $210.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $185.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42.0K |
| NET CASH FROM FINANCING | $3.0K |
| FREE CASH FLOW | -$648.0K |
| Net Change in Cash | -$404.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $4M |
| Net Receivables | $813.0K |
| Inventory | $1M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $142.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $15M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $68.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $186M |
| Retained Earnings | -$185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $4M |
| Net Debt | $860.0K |
