| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | — | $86M | — | -11.1% |
| Op. Income | -$2M | — | -$4M | — | 60.6% |
| Gross Margin | 8.2% | — | 1.0% | — | 7.2pp |
| Net Margin | -1.7% | — | -4.4% | — | 2.7pp |
| EPS (Diluted) | $-0.58 | — | $-1.72 | — | 66.3% |
| Free Cash Flow | $4M | — | -$50.2K | — | 8316.0% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $45.6K |
| Other Income/Expenses | $292.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| 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 | $240.6K |
| EBIT | -$1M |
| EBITDA | -$979.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $240.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $229.9K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$8.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.7K |
| Net Debt Issuance | $182.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $182.3K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $8M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $4M |
| Tax Assets | $479.5K |
| Other Non-Current Assets | $260.2K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $27M |
| Account Payables | $4M |
| Short-Term Debt | $897.5K |
| Deferred Revenue | $4M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $948.5K |
| TOTAL LIABILITIES | $11M |
| Common Stock | $3.5K |
| Additional Paid-In Capital | $53M |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | -$3.1K |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $27M |
| Total Debt | $2M |
| Net Debt | -$5M |
