| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $7M | 13.7% | -14.7% |
| Op. Income | -$7M | -$5M | -$4M | -35.2% | -47.7% |
| Gross Margin | 43.9% | 42.2% | 41.1% | 1.7pp | 2.8pp |
| Net Margin | -114.6% | -96.0% | -64.2% | -18.6pp | -50.5pp |
| EPS (Diluted) | $-6.96 | $-5.52 | $-6.00 | -26.1% | -16.0% |
| Free Cash Flow | -$4M | -$5M | -$6M | 28.4% | 29.9% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $767.0K |
| Selling & Marketing | $4M |
| General & Administrative | $2M |
| SG&A Expenses | $6M |
| Other Expenses | $3M |
| Operating Expenses | $9M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$7M |
| Interest Income | $65.0K |
| Interest Expense | $39.0K |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $88.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $88.0K |
| Stock-Based Compensation | $182.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $244.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$565.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $1M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $228.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $27M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $8M |
| Additional Paid-In Capital | $287M |
| Retained Earnings | -$276M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $27M |
| Total Debt | $375.0K |
| Net Debt | -$5M |
