| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $22M | — | -4.5% | — |
| Op. Income | -$7M | $3M | — | -312.8% | — |
| Gross Margin | 31.9% | 35.3% | — | -3.5pp | — |
| Net Margin | -33.9% | 15.2% | — | -49.1pp | — |
| EPS (Diluted) | $-0.35 | $0.11 | — | -418.2% | — |
| Free Cash Flow | $0 | $10M | — | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $9M |
| Operating Expenses | $14M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$7M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$2.8K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2.6K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2.6K |
| Stock-Based Compensation | $505.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $668.6K |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $156M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | -$173.6K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $279M |
| TOTAL STOCKHOLDERS' EQUITY | $376M |
| Minority Interest | $0 |
| TOTAL EQUITY | $376M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
