| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $4M | — | 28.9% |
| Op. Income | -$2M | — | -$4M | — | 52.8% |
| Gross Margin | 59.9% | — | 52.3% | — | 7.6pp |
| Net Margin | -4.3% | — | -77.1% | — | 72.7pp |
| EPS (Diluted) | $-0.28 | — | $-4.16 | — | 93.3% |
| Free Cash Flow | -$2M | — | -$10M | — | 77.2% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$2M |
| Interest Income | $2.7K |
| Interest Expense | $7.9K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$69.6K |
| Income Tax Expense | $86.6K |
| Net Income from Continuing Ops | -$156.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$231.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$231.9K |
| D&A | $201.6K |
| EBIT | -$61.7K |
| EBITDA | $139.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$231.9K |
| Depreciation & Amortization | $201.6K |
| Stock-Based Compensation | $813.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $760.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3 |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$815.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334.3K |
| Short-Term Investments | $0 |
| Net Receivables | $101.4K |
| Inventory | $44.7K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $3M |
| Goodwill | $3M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $20M |
| Account Payables | $2M |
| Short-Term Debt | $410.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $548.5K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $21.6K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $6M |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $3M |
| Net Debt | $3M |
