| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $5M | -39.1% | -58.4% |
| Op. Income | -$4M | -$3M | -$2M | -15.6% | -70.2% |
| Gross Margin | 39.8% | 53.5% | 53.3% | -13.7pp | -13.5pp |
| Net Margin | -131.7% | -85.7% | -48.8% | -46.0pp | -82.9pp |
| EPS (Diluted) | $-1.24 | $-0.11 | $-0.13 | -1027.3% | -853.8% |
| Free Cash Flow | -$3M | -$2M | -$3M | -75.3% | -29.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $819.0K |
| R&D Expenses | $852.0K |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $65.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $377.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $377.0K |
| Stock-Based Compensation | $207.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$5.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40.0K |
| Net Debt Issuance | -$312.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $616.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $760.0K |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $2M |
| Goodwill | $431.0K |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $362.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $23M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $268M |
| Retained Earnings | -$256M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$683.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $5M |
| Net Debt | $149.0K |
