| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $3M | $11M | -58.6% | -90.2% |
| Op. Income | -$845.0K | -$1M | $110.0K | 18.8% | -868.2% |
| Gross Margin | 0.6% | 0.7% | 9.2% | -0.1pp | -8.7pp |
| Net Margin | -56.7% | -28.9% | 3.6% | -27.8pp | -60.2pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $0.05 | 22.2% | -230.4% |
| Free Cash Flow | $1M | $331.0K | $1M | 259.2% | -7.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6.0K |
| R&D Expenses | $276.0K |
| Selling & Marketing | $0 |
| General & Administrative | $575.0K |
| SG&A Expenses | $575.0K |
| Other Expenses | $0 |
| Operating Expenses | $851.0K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$845.0K |
| Interest Income | $0 |
| Interest Expense | $22.0K |
| Other Income/Expenses | $242.0K |
| INCOME BEFORE TAX | -$603.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$603.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$603.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$603.0K |
| D&A | $0 |
| EBIT | -$581.0K |
| EBITDA | -$581.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$603.0K |
| Depreciation & Amortization | $174.0K |
| Stock-Based Compensation | $81.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $93.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$14.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$15.0K |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $110.0K |
| Long-Term Investments | $49.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $252.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $16M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $193.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $0 |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$191M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $4M |
| Net Debt | -$303.0K |
