| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $2M | $2M | 420.0% | 250.1% |
| Op. Income | -$750.7K | -$5M | -$5M | 83.7% | 85.4% |
| Gross Margin | 11.8% | 0.6% | -114.5% | 11.2pp | 126.3pp |
| Net Margin | -9.3% | -288.5% | -1388.8% | 279.3pp | 1379.5pp |
| EPS (Diluted) | $-0.58 | $-4.00 | $-30.90 | 85.5% | 98.1% |
| Free Cash Flow | -$565.7K | -$2M | -$60M | 64.2% | 99.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $986.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $14.8K |
| General & Administrative | $994.8K |
| SG&A Expenses | $1M |
| Other Expenses | $727.8K |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$750.7K |
| Interest Income | $1.8K |
| Interest Expense | $21.7K |
| Other Income/Expenses | -$23.1K |
| INCOME BEFORE TAX | -$773.8K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$773.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$773.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$773.8K |
| D&A | $4M |
| EBIT | -$752.1K |
| EBITDA | $3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$773.8K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $465.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$565.7K |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$261.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$261.8K |
| FREE CASH FLOW | -$565.7K |
| Net Change in Cash | -$787.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $515.0K |
| Other Current Assets | $130.7K |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $135M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $165M |
| Account Payables | $380.8K |
| Short-Term Debt | $350.7K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $25.9K |
| Additional Paid-In Capital | $105M |
| Retained Earnings | $32M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $142M |
| Minority Interest | $0 |
| TOTAL EQUITY | $142M |
| TOTAL LIABILITIES & EQUITY | $165M |
| Total Debt | $8M |
| Net Debt | $241.3K |
