| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $16M | $11M | 37.4% | 104.3% |
| Op. Income | $7M | $1M | $2M | 419.7% | 325.1% |
| Gross Margin | 51.4% | 41.4% | 52.0% | 10.0pp | -0.6pp |
| Net Margin | 24.3% | 4.6% | 11.3% | 19.7pp | 13.1pp |
| EPS (Diluted) | $0.30 | $0.04 | $0.07 | 616.0% | 334.2% |
| Free Cash Flow | -$267.7K | $2M | $75.4K | -116.9% | -455.2% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $11M |
| R&D Expenses | $867.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $7M |
| Interest Income | $4.6K |
| Interest Expense | $387.3K |
| Other Income/Expenses | -$382.7K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $637.6K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $11M |
| R&D Expenses | $867.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $7M |
| Interest Income | $4.6K |
| Interest Expense | $387.3K |
| Other Income/Expenses | -$382.7K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $637.6K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $637.6K |
| Stock-Based Compensation | $405.0K |
| Deferred Income Tax | -$287.7K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $888.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $888.8K |
| FREE CASH FLOW | -$267.7K |
| Net Change in Cash | $621.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $19M |
| Other Current Assets | $972.8K |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $15M |
| Goodwill | $7M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $165.6K |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $90M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $731.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $456.7K |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $19.7K |
| Additional Paid-In Capital | $56M |
| Retained Earnings | $19M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $90M |
| Total Debt | $27M |
| Net Debt | $26M |
