| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $12M | $4M | 31.5% | 299.1% |
| Op. Income | -$24M | -$22M | -$13M | -10.4% | -90.0% |
| Gross Margin | 8.7% | 7.3% | -41.2% | 1.4pp | 49.9pp |
| Net Margin | -268.0% | -214.6% | -325.7% | -53.4pp | 57.7pp |
| EPS (Diluted) | $-0.55 | $-0.34 | $-0.17 | -61.8% | -223.5% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $1M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | -$326.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $3M |
| EBIT | -$40M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $0 |
| Goodwill | $80M |
| Intangible Assets | $54M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $148M |
| TOTAL ASSETS | $227M |
| Account Payables | $7M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $125M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $598M |
| Retained Earnings | -$446M |
| Treasury Stock | -$380.0K |
| Accum. Other Comp. Income | $262.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $152M |
| Minority Interest | $0 |
| TOTAL EQUITY | $152M |
| TOTAL LIABILITIES & EQUITY | $227M |
| Total Debt | $24M |
| Net Debt | -$63M |
