| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $518.0K | $2M | $104.0K | -75.8% | 398.1% |
| Op. Income | -$10M | -$7M | -$5M | -44.8% | -112.5% |
| Gross Margin | 67.6% | 62.0% | 48.1% | 5.6pp | 19.5pp |
| Net Margin | -1880.7% | -312.0% | -4355.8% | -1568.7pp | 2475.1pp |
| EPS (Diluted) | $-0.30 | $-0.26 | $-0.36 | -17.2% | 14.6% |
| Free Cash Flow | -$7M | -$6M | -$6M | -7.5% | -7.4% |
| Item | Amount |
|---|---|
| REVENUE | $518.0K |
| Cost of Revenue | $168.0K |
| GROSS PROFIT | $350.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $25.0K |
| Other Income/Expenses | $100.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $559.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $559.0K |
| Stock-Based Compensation | $504.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$478.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$349.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$349.0K |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $512.0K |
| Inventory | $693.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $51M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $368M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$367M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $85.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $3M |
| Net Debt | -$21M |
