| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $3M | -35.9% | -27.8% |
| Op. Income | -$2M | -$3M | -$3M | 21.8% | 23.0% |
| Gross Margin | -5.0% | -3.3% | -13.5% | -1.6pp | 8.6pp |
| Net Margin | -107.1% | -91.2% | -104.4% | -15.9pp | -2.7pp |
| EPS (Diluted) | $-0.92 | $-1.85 | $-0.25 | 50.3% | -268.0% |
| Free Cash Flow | -$3M | -$2M | -$2M | -28.6% | -28.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$110.3K |
| R&D Expenses | $41.0K |
| Selling & Marketing | $81.6K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $94.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $637 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $637 |
| Stock-Based Compensation | $763.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $134.4K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$500.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$675.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $148.1K |
| Inventory | $0 |
| Other Current Assets | $244.7K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $86.7K |
| Long-Term Investments | $100.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $785.6K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $14M |
| Account Payables | $367.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $647.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $227.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $326 |
| Additional Paid-In Capital | $69M |
| Retained Earnings | -$58M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$6.7K |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $760.5K |
| Net Debt | -$8M |
