| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $13M | 14.1% | 7.4% |
| Op. Income | -$940.0K | -$205.0K | -$3M | -358.5% | 64.4% |
| Gross Margin | 33.9% | 42.5% | 40.7% | -8.6pp | -6.7pp |
| Net Margin | -7.3% | -14.2% | -21.2% | 6.8pp | 13.9pp |
| EPS (Diluted) | $-0.06 | $-0.10 | $-0.16 | 40.8% | 63.0% |
| Free Cash Flow | -$410.0K | -$1M | -$1M | 64.7% | 69.1% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $5M |
| R&D Expenses | $871.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | -$79.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$940.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$33.0K |
| INCOME BEFORE TAX | -$973.0K |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$994.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$994.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$994.0K |
| D&A | $378.0K |
| EBIT | -$973.0K |
| EBITDA | -$595.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$994.0K |
| Depreciation & Amortization | $378.0K |
| Stock-Based Compensation | $257.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31.0K |
| Change in Working Capital | -$69.0K |
| OPERATING CASH FLOW | -$397.0K |
| Capital Expenditure | -$13.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14.0K |
| NET CASH FROM FINANCING | -$14.0K |
| FREE CASH FLOW | -$410.0K |
| Net Change in Cash | -$466.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $1M |
| Goodwill | $965.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $32M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $307.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $174.0K |
| Additional Paid-In Capital | $91M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $5M |
| Net Debt | -$2M |
