| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $17M | $9M | 9.5% | 108.6% |
| Op. Income | -$1M | -$470.0K | -$3M | -213.8% | 49.7% |
| Gross Margin | 63.0% | 57.1% | 62.0% | 5.9pp | 1.0pp |
| Net Margin | -13.7% | -9.1% | -33.5% | -4.6pp | 19.9pp |
| EPS (Diluted) | $-0.10 | $-0.06 | $-0.12 | -64.3% | 19.9% |
| Free Cash Flow | $8M | $2M | $1M | 280.8% | 534.2% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $12M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $66.0K |
| 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 | $1M |
| EBIT | -$1M |
| EBITDA | -$470.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $24M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $342.0K |
| Goodwill | $0 |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $102M |
| Account Payables | $12M |
| Short-Term Debt | $3M |
| Deferred Revenue | $330.0K |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $136M |
| Retained Earnings | -$112M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $102M |
| Total Debt | $31M |
| Net Debt | $5M |
