| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $11M | $12M | -19.8% | -31.5% |
| Op. Income | -$5M | -$4M | -$5M | -39.8% | -0.1% |
| Gross Margin | 16.4% | 27.6% | 14.7% | -11.2pp | 1.7pp |
| Net Margin | -61.1% | -29.5% | -48.0% | -31.6pp | -13.1pp |
| EPS (Diluted) | $-0.03 | $-0.02 | $-0.05 | -66.3% | 36.3% |
| Free Cash Flow | -$5M | -$4M | -$3M | -25.0% | -55.7% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$5M |
| Interest Income | $326.3K |
| Interest Expense | $0 |
| Other Income/Expenses | $346.8K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $225.4K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $225.4K |
| Stock-Based Compensation | $747.7K |
| Deferred Income Tax | $52.2K |
| Other Non-Cash Items | -$86.1K |
| Change in Working Capital | $68.8K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$733.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$2.5K |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$89.7K |
| NET CASH FROM FINANCING | -$89.7K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $2M |
| Net Receivables | $16M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123.8K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $61M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $275.1K |
| Other Current Liabilities | $487.5K |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $388.2K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $2M |
| Additional Paid-In Capital | $424M |
| Retained Earnings | -$410M |
| Treasury Stock | -$459.7K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $2M |
| Net Debt | -$22M |
