| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $3M | -7.1% | -59.0% |
| Op. Income | -$1M | -$1M | $6.9K | 5.6% | -18315.1% |
| Gross Margin | 60.0% | 72.1% | 63.9% | -12.0pp | -3.9pp |
| Net Margin | -94.3% | -73.9% | 0.8% | -20.4pp | -95.1pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $0.00 | -16.4% | -Infinity% |
| Free Cash Flow | -$747.3K | -$1M | $154.9K | 42.4% | -582.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $519.3K |
| GROSS PROFIT | $780.4K |
| R&D Expenses | $894.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $36.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $36.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $19.1K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $19.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $562.0K |
| Change in Working Capital | -$94.8K |
| OPERATING CASH FLOW | -$739.2K |
| Capital Expenditure | -$8.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27.6K |
| NET CASH FROM FINANCING | $27.6K |
| FREE CASH FLOW | -$747.3K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $666.9K |
| Inventory | $0 |
| Other Current Assets | $334.5K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $245.1K |
| Goodwill | $11M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $572.7K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $16M |
| Account Payables | $86.6K |
| Short-Term Debt | $151.6K |
| Deferred Revenue | $243.0K |
| Other Current Liabilities | $238.6K |
| TOTAL CURRENT LIABILITIES | $719.7K |
| Long-Term Debt | $49.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$49.0K |
| TOTAL NON-CURRENT LIABILITIES | $49.0K |
| TOTAL LIABILITIES | $768.7K |
| Common Stock | $21.1K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$68M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $249.5K |
| Net Debt | -$3M |
