| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $37M | $24M | -51.6% | -25.7% |
| Op. Income | -$10M | $8M | -$5M | -231.2% | -128.2% |
| Gross Margin | 9.7% | 54.1% | 24.2% | -44.4pp | -14.5pp |
| Net Margin | -54.4% | 22.5% | -17.8% | -76.9pp | -36.5pp |
| EPS (Diluted) | $-0.77 | $0.65 | $-0.32 | -218.5% | -140.6% |
| Free Cash Flow | -$4M | -$15M | -$13M | 75.3% | 71.3% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $19.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$10M |
| Interest Income | $693.0K |
| Interest Expense | $43.0K |
| Other Income/Expenses | $357.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$126.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $547.0K |
| Deferred Income Tax | -$11.0K |
| Other Non-Cash Items | $517.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$418.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$418.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $12M |
| Net Receivables | $36M |
| Inventory | $27M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $36M |
| Goodwill | $736.0K |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $149M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $302.0K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $98M |
| Retained Earnings | $54M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $133M |
| Minority Interest | $0 |
| TOTAL EQUITY | $133M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $397.0K |
| Net Debt | -$8M |
