| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $9M | 4.3% | 28.2% |
| Op. Income | -$15M | -$16M | -$14M | 1.8% | -11.4% |
| Gross Margin | 12.2% | 12.6% | 14.3% | -0.4pp | -2.1pp |
| Net Margin | -178.3% | -324.6% | -267.6% | 146.4pp | 89.3pp |
| EPS (Diluted) | $-1.95 | $-4.32 | $-3.00 | 54.9% | 35.0% |
| Free Cash Flow | -$15M | -$15M | -$29M | -0.9% | 49.2% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $1M |
| R&D Expenses | $6M |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | $1M |
| Operating Expenses | $17M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $6M |
| EBIT | -$17M |
| EBITDA | -$11M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$407.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$18.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$536.0K |
| NET CASH FROM FINANCING | -$603.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $366M |
| Goodwill | $0 |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $261.0K |
| TOTAL NON-CURRENT ASSETS | $402M |
| TOTAL ASSETS | $427M |
| Account Payables | $10M |
| Short-Term Debt | $69.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $528M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $540M |
| TOTAL LIABILITIES | $559M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | -$482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$133M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$133M |
| TOTAL LIABILITIES & EQUITY | $427M |
| Total Debt | $529M |
| Net Debt | $524M |
