| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $14M | $13M | -1.6% | 10.3% |
| Op. Income | -$6M | -$6M | -$2M | -8.6% | -305.5% |
| Gross Margin | 50.4% | 50.3% | 52.1% | 0.1pp | -1.7pp |
| Net Margin | -12.7% | -193.1% | -71.6% | 180.5pp | 58.9pp |
| EPS (Diluted) | $-0.15 | $-2.32 | $-0.79 | 93.5% | 81.0% |
| Free Cash Flow | -$5M | -$7M | -$4M | 26.9% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $230.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$6M |
| Interest Income | $22.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $766.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$811.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$77.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95.0K |
| NET CASH FROM FINANCING | $93.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $13M |
| Net Receivables | $5M |
| Inventory | $19M |
| Other Current Assets | $953.0K |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $609.0K |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $855.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $70M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $119.0K |
| Additional Paid-In Capital | $149M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $2M |
| Net Debt | -$5M |
