| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $64M | $57M | 0.7% | 13.3% |
| Op. Income | -$5M | -$1M | -$2M | -211.3% | -171.5% |
| Gross Margin | 10.0% | 11.4% | 11.5% | -1.4pp | -1.5pp |
| Net Margin | -5.8% | -1.5% | -1.7% | -4.3pp | -4.1pp |
| EPS (Diluted) | $-0.31 | $-0.08 | $-0.09 | -268.2% | -247.1% |
| Free Cash Flow | -$7M | -$7M | -$10M | -5.4% | 23.0% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $110.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$5M |
| Interest Income | $859.0K |
| Interest Expense | $13.0K |
| Other Income/Expenses | $846.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $38.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$4M |
| EBITDA | -$334.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$47.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $119.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$256.0K |
| NET CASH FROM FINANCING | $266.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $2M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $295M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $316M |
| TOTAL ASSETS | $410M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $185M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $263M |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $410M |
| Total Debt | $161M |
| Net Debt | $76M |
