| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $36M | $54M | 14.7% | -23.5% |
| Op. Income | -$5M | -$10M | -$7M | 46.6% | 19.0% |
| Gross Margin | 28.3% | 27.2% | 26.9% | 1.1pp | 1.4pp |
| Net Margin | -11.7% | -26.3% | -11.0% | 14.5pp | -0.7pp |
| EPS (Diluted) | $-0.08 | $-0.16 | $-0.10 | 49.5% | 16.9% |
| Free Cash Flow | -$3M | -$4M | -$1M | 27.0% | -107.8% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $11M |
| Operating Expenses | $17M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$5M |
| Interest Income | $463.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $463.0K |
| 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 | $3M |
| EBIT | -$5M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $315.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$49.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$51.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $25M |
| Net Receivables | $11M |
| Inventory | $42M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $109M |
| PP&E (Net) | $43M |
| Goodwill | $2M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $770.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $161M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $435.0K |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $60.0K |
| Additional Paid-In Capital | $376M |
| Retained Earnings | -$270M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $107M |
| Minority Interest | $0 |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $161M |
| Total Debt | $33M |
| Net Debt | $10M |
