| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $8M | -2.3% | 10.0% |
| Op. Income | -$770.5K | -$858.1K | -$726.7K | 10.2% | -6.0% |
| Gross Margin | 1.9% | -0.5% | 25.1% | 2.4pp | -23.2pp |
| Net Margin | -6.3% | -7.1% | -6.5% | 0.8pp | 0.2pp |
| EPS (Diluted) | $-0.16 | $-0.19 | $-0.15 | 15.8% | -6.7% |
| Free Cash Flow | -$3M | -$2M | -$2M | -43.5% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $169.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $940.2K |
| Other Expenses | $0 |
| Operating Expenses | $940.2K |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$770.5K |
| Interest Income | $9.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $9.4K |
| INCOME BEFORE TAX | -$761.1K |
| Income Tax Expense | -$188.0K |
| Net Income from Continuing Ops | -$573.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$573.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$573.1K |
| D&A | $81.2K |
| EBIT | -$761.1K |
| EBITDA | -$679.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$573.1K |
| Depreciation & Amortization | $81.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$188.4K |
| Other Non-Cash Items | $59.9K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$19.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $435.6K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $15M |
| Other Current Assets | $566.0K |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $111.8K |
| Long-Term Investments | $0 |
| Tax Assets | $736.4K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $28M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $4M |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $852.5K |
| Retained Earnings | $22M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $28M |
| Total Debt | $0 |
| Net Debt | -$435.6K |
