| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $82M | $90M | 9.0% | -1.2% |
| Op. Income | -$3M | -$3M | $1M | -2.0% | -418.7% |
| Gross Margin | 36.3% | 39.7% | 43.1% | -3.5pp | -6.9pp |
| Net Margin | -5.5% | -4.9% | 0.2% | -0.5pp | -5.7pp |
| EPS (Diluted) | $-0.22 | $-0.19 | $0.01 | -15.8% | -2440.4% |
| Free Cash Flow | -$3M | -$7M | $521.0K | 62.3% | -602.1% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $9M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$750.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $719.0K |
| Change in Working Capital | -$241.0K |
| OPERATING CASH FLOW | -$793.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $37.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $365.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $49M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $301.0K |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $151M |
| Account Payables | $39M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$10M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $116M |
| Common Stock | $22M |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $75M |
| Net Debt | $71M |
