| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $99M | $114M | -2.5% | -15.4% |
| Op. Income | -$10M | -$584.0K | -$1M | -1656.5% | -815.1% |
| Gross Margin | 0.6% | 8.4% | 6.8% | -7.8pp | -6.2pp |
| Net Margin | -8.9% | -2.3% | -4.3% | -6.6pp | -4.6pp |
| EPS (Diluted) | $-0.79 | $-0.21 | $-0.46 | -276.2% | -71.7% |
| Free Cash Flow | $3M | $4M | $1M | -30.5% | 168.2% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $560.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | -$2M |
| EBIT | -$10M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $278.0K |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$335.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $788.0K |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $88M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $63M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $30M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $325M |
| Account Payables | $62M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20.0K |
| Other Non-Current Liabilities | -$18M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $48M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $58M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $395.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $106M |
| Minority Interest | $0 |
| TOTAL EQUITY | $106M |
| TOTAL LIABILITIES & EQUITY | $325M |
| Total Debt | $142M |
| Net Debt | $142M |
