| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $9M | $9M | 21.8% | 16.4% |
| Op. Income | -$1M | -$4M | -$770.5K | 70.6% | -44.3% |
| Gross Margin | 15.7% | -12.5% | 1.9% | 28.1pp | 13.8pp |
| Net Margin | -11.9% | -45.6% | -6.3% | 33.7pp | -5.5pp |
| EPS (Diluted) | $-0.35 | $-1.12 | $-0.16 | 68.8% | -118.7% |
| Free Cash Flow | -$531.6K | -$1M | -$3M | 59.8% | 79.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $62.2K |
| Operating Expenses | $3M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $137.5K |
| Other Income/Expenses | -$137.5K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$359 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $62.2K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $62.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $776 |
| Change in Working Capital | $654.3K |
| OPERATING CASH FLOW | -$531.6K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $42.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $42.0K |
| FREE CASH FLOW | -$531.6K |
| Net Change in Cash | -$489.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $546.6K |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $10M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $111.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $22M |
| Account Payables | $963.0K |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $830.5K |
| Additional Paid-In Capital | $852.8K |
| Retained Earnings | $14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $22M |
| Total Debt | $4M |
| Net Debt | $4M |
