| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | — | $36M | — | -55.7% |
| Op. Income | -$668.7K | — | $913.6K | — | -173.2% |
| Gross Margin | 5.0% | — | 5.9% | — | -0.9pp |
| Net Margin | -0.3% | — | 1.7% | — | -2.0pp |
| EPS (Diluted) | $-0.04 | — | $0.05 | — | -181.3% |
| Free Cash Flow | $15M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $814.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $83.3K |
| General & Administrative | $2M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$668.7K |
| Interest Income | $3.6K |
| Interest Expense | $408.7K |
| Other Income/Expenses | $417.1K |
| INCOME BEFORE TAX | -$251.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$251.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44.0K |
| D&A | $114.5K |
| EBIT | -$668.7K |
| EBITDA | -$554.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $858.6K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$16.7K |
| Acquisitions (Net) | -$19.2K |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $875.2K |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $403.8K |
