| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $8M | 78.4% | -36.6% |
| Op. Income | -$4M | -$5M | -$4M | 15.9% | -3.5% |
| Gross Margin | 8.6% | 7.4% | 14.6% | 1.2pp | -6.0pp |
| Net Margin | -87.9% | -179.8% | -50.4% | 91.9pp | -37.5pp |
| EPS (Diluted) | $-0.18 | $-0.21 | $-0.17 | 14.3% | -5.9% |
| Free Cash Flow | -$1M | -$3M | -$5M | 58.2% | 75.1% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $459.6K |
| R&D Expenses | $401.8K |
| Selling & Marketing | $196.7K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $301.6K |
| Operating Expenses | $5M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $572.5K |
| Other Income/Expenses | -$576.8K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $428.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $428.0K |
| Stock-Based Compensation | $289.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $119.3K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$30.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30.5K |
| Net Debt Issuance | $890.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.1K |
| NET CASH FROM FINANCING | $892.4K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$411.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116.9K |
| Short-Term Investments | $0 |
| Net Receivables | $988.8K |
| Inventory | $32M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $539.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $855 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $39M |
| Account Payables | $2M |
| Short-Term Debt | $12M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $78M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$89M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $39M |
| Total Debt | $19M |
| Net Debt | $18M |
