| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $52M | $51M | 19.5% | 22.2% |
| Op. Income | -$4M | -$10M | -$13M | 55.9% | 66.6% |
| Gross Margin | 29.9% | 26.7% | 23.5% | 3.2pp | 6.4pp |
| Net Margin | -5.8% | -15.7% | -23.2% | 9.8pp | 17.4pp |
| EPS (Diluted) | $-0.07 | $-0.16 | $-0.25 | 54.8% | 71.0% |
| Free Cash Flow | -$4M | -$2M | -$6M | -64.2% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $18M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$4M |
| Interest Income | $1M |
| Interest Expense | $388.0K |
| Other Income/Expenses | $662.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $17.0K |
| 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 | -$3M |
| EBITDA | $229.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $26.0K |
| Other Non-Cash Items | $246.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $443.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$279.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $35M |
| Net Receivables | $44M |
| Inventory | $48M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $56M |
| Goodwill | $12M |
| Intangible Assets | $536.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $295M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $556M |
| Retained Earnings | -$337M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $216M |
| Minority Interest | $0 |
| TOTAL EQUITY | $216M |
| TOTAL LIABILITIES & EQUITY | $295M |
| Total Debt | $32M |
| Net Debt | -$47M |
