| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $25M | $29M | 4.8% | -7.1% |
| Op. Income | -$370.0K | -$2M | -$3M | 83.5% | 87.2% |
| Gross Margin | 34.3% | 29.3% | 31.1% | 5.0pp | 3.3pp |
| Net Margin | 3.5% | -6.7% | -8.3% | 10.2pp | 11.8pp |
| EPS (Diluted) | $0.05 | $-0.09 | $-0.12 | 153.1% | 139.8% |
| Free Cash Flow | $3M | -$2M | -$17M | 211.3% | 115.8% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $9M |
| R&D Expenses | $916.0K |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$370.0K |
| Interest Income | $579.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $105.0K |
| Net Income from Continuing Ops | $930.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $930.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $930.0K |
| D&A | $3M |
| EBIT | -$370.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $930.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $434.0K |
| Deferred Income Tax | -$42.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $20M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $636.0K |
| Long-Term Investments | $0 |
| Tax Assets | $141.0K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $152M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $565.0K |
| TOTAL LIABILITIES | $14M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $168M |
| Retained Earnings | -$14M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | $0 |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $152M |
| Total Debt | $1M |
| Net Debt | -$55M |
