| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $1M | $886.0K | 762.2% | 1127.1% |
| Op. Income | $110.0K | -$657.0K | -$832.0K | 116.7% | 113.2% |
| Gross Margin | 9.2% | 20.6% | 12.6% | -11.4pp | -3.4pp |
| Net Margin | 3.6% | -43.4% | -63.1% | 46.9pp | 66.7pp |
| EPS (Diluted) | $0.05 | $-0.08 | $-0.11 | 170.8% | 148.8% |
| Free Cash Flow | $1M | -$276.0K | -$619.0K | 565.6% | 307.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $1M |
| R&D Expenses | $279.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $614.0K |
| Other Expenses | $0 |
| Operating Expenses | $893.0K |
| Cost & Expenses | $11M |
| OPERATING INCOME | $110.0K |
| Interest Income | $0 |
| Interest Expense | $42.0K |
| Other Income/Expenses | $278.0K |
| INCOME BEFORE TAX | $388.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $388.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $388.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $388.0K |
| D&A | $156.0K |
| EBIT | $430.0K |
| EBITDA | $586.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $1M |
| R&D Expenses | $279.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $614.0K |
| Other Expenses | $0 |
| Operating Expenses | $893.0K |
| Cost & Expenses | $11M |
| OPERATING INCOME | $110.0K |
| Interest Income | $0 |
| Interest Expense | $42.0K |
| Other Income/Expenses | $278.0K |
| INCOME BEFORE TAX | $388.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $388.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $388.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $388.0K |
| D&A | $156.0K |
| EBIT | $430.0K |
| EBITDA | $586.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $388.0K |
| Depreciation & Amortization | $156.0K |
| Stock-Based Compensation | $35.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $166.0K |
| Change in Working Capital | $660.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$120.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16.0K |
| NET CASH FROM INVESTING | -$136.0K |
| Net Debt Issuance | -$109.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | -$107.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $280.0K |
| Inventory | $14M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $89.0K |
| Long-Term Investments | $930.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $206.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $23M |
| Account Payables | $445.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $626.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $0 |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$189M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $3M |
| Net Debt | $603.0K |
