| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $31M | $33M | 42.8% | 36.4% |
| Op. Income | $2M | -$3M | -$2M | 176.1% | 219.1% |
| Gross Margin | 35.8% | 25.0% | 34.0% | 10.8pp | 1.8pp |
| Net Margin | -17.9% | -32.1% | -20.2% | 14.2pp | 2.2pp |
| EPS (Diluted) | $-0.25 | $-0.29 | $-0.25 | 13.8% | 0.0% |
| Free Cash Flow | $4M | $25.0K | -$9M | 14336.0% | 142.1% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $16M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $2M |
| Interest Income | $215.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$774.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $29M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $127M |
| Goodwill | $14M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $232M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $136M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $175M |
| TOTAL LIABILITIES | $198M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $209M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $232M |
| Total Debt | $144M |
| Net Debt | $126M |
