| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | $7M | -26.6% | -42.7% |
| Op. Income | -$1M | -$2M | -$1M | 30.3% | 14.8% |
| Gross Margin | 25.0% | 42.4% | 42.6% | -17.5pp | -17.6pp |
| Net Margin | -45.4% | -37.7% | -16.7% | -7.7pp | -28.7pp |
| EPS (Diluted) | $-2.18 | $-6.00 | $-4.65 | 63.7% | 53.1% |
| Free Cash Flow | -$2M | -$5M | -$7M | 57.1% | 64.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $976.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $997.2K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $539.5K |
| Other Income/Expenses | -$687.7K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $40.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $906.5K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $610 |
| Other Non-Cash Items | $275.5K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $97.0K |
| Acquisitions (Net) | -$110.4K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30.0K |
| NET CASH FROM INVESTING | -$43.4K |
| Net Debt Issuance | -$768.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $203.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $486.6K |
| Long-Term Investments | $0 |
| Tax Assets | $152.2K |
| Other Non-Current Assets | $518.9K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $32M |
| Account Payables | $550.2K |
| Short-Term Debt | $6M |
| Deferred Revenue | $33.2K |
| Other Current Liabilities | $49.0K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $16.3K |
| Additional Paid-In Capital | $28M |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48.1K |
| Other Equity | -$8M |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $15M |
| Net Debt | $13M |
