| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $651.8K | — | 107.7% |
| Op. Income | -$649.3K | — | $474.8K | — | -236.8% |
| Gross Margin | 33.5% | — | 95.5% | — | -62.0pp |
| Net Margin | -47.8% | — | 58.0% | — | -105.7pp |
| EPS (Diluted) | $-0.02 | — | $0.28 | — | -106.9% |
| Free Cash Flow | -$745.0K | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $900.6K |
| GROSS PROFIT | $453.3K |
| R&D Expenses | $71.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$649.3K |
| Interest Income | $64 |
| Interest Expense | $15.8K |
| Other Income/Expenses | -$6.2K |
| INCOME BEFORE TAX | -$655.5K |
| Income Tax Expense | -$28.5K |
| Net Income from Continuing Ops | -$627.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$646.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$646.6K |
| D&A | $110.7K |
| EBIT | -$649.3K |
| EBITDA | -$538.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$646.6K |
| Depreciation & Amortization | $110.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$33.6K |
| Other Non-Cash Items | $224.4K |
| Change in Working Capital | -$395.6K |
| OPERATING CASH FLOW | -$740.7K |
| Capital Expenditure | -$4.4K |
| Acquisitions (Net) | $64.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1 |
| NET CASH FROM INVESTING | -$76.0K |
| Net Debt Issuance | $972.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $633.7K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$745.0K |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $934.4K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $292.3K |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $36.2K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $12M |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $107.2K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $14.6K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131.5K |
| TOTAL NON-CURRENT LIABILITIES | $228.3K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $321 |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $262.3K |
| Other Equity | -$291 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $41.8K |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $2M |
| Net Debt | $457.3K |
