| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $48M | $68M | 2.9% | -27.8% |
| Op. Income | $487.0K | $2M | $3M | -78.5% | -85.8% |
| Gross Margin | 74.0% | 79.5% | 80.5% | -5.5pp | -6.5pp |
| Net Margin | 0.6% | 4.5% | 3.8% | -4.0pp | -3.2pp |
| EPS (Diluted) | $0.02 | $0.17 | $0.19 | -87.2% | -88.6% |
| Free Cash Flow | $2M | -$3M | $9M | 162.2% | -80.4% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $20M |
| Operating Expenses | $36M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $487.0K |
| Interest Income | $20.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$14.0K |
| INCOME BEFORE TAX | $473.0K |
| Income Tax Expense | $197.0K |
| Net Income from Continuing Ops | $276.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276.0K |
| D&A | $752.0K |
| EBIT | $487.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $20M |
| Operating Expenses | $36M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $487.0K |
| Interest Income | $20.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$14.0K |
| INCOME BEFORE TAX | $473.0K |
| Income Tax Expense | $197.0K |
| Net Income from Continuing Ops | $276.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276.0K |
| D&A | $752.0K |
| EBIT | $487.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $276.0K |
| Depreciation & Amortization | $752.0K |
| Stock-Based Compensation | $553.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$163.0K |
| Common Dividends Paid | -$575.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$738.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $19M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $14M |
| Goodwill | $472.0K |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $610.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $61M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $369.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $11M |
| Net Debt | $510.0K |
