| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $22M | $23M | -6.1% | -11.5% |
| Op. Income | -$819.0K | -$50M | -$2M | 98.4% | 60.4% |
| Gross Margin | 50.7% | 56.0% | 57.2% | -5.2pp | -6.5pp |
| Net Margin | -11.2% | -231.2% | -12.7% | 220.0pp | 1.5pp |
| EPS (Diluted) | $-0.52 | $-11.40 | $-0.67 | 95.5% | 23.5% |
| Free Cash Flow | $3M | $2M | -$2M | 2.0% | 251.6% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $200.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$819.0K |
| Interest Income | $0 |
| Interest Expense | $791.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $28.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $155.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $472.0K |
| Deferred Income Tax | -$50.0K |
| Other Non-Cash Items | $210.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$233.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$144.0K |
| NET CASH FROM INVESTING | -$233.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$258.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $22M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $12M |
| Goodwill | $10M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $80M |
| Account Payables | $5M |
| Short-Term Debt | $35M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $734.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $445.0K |
| Additional Paid-In Capital | $238M |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $43M |
| Net Debt | $36M |
