| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $7M | -11.6% | 1.5% |
| Op. Income | -$2M | -$1M | -$2M | -80.4% | -39.3% |
| Gross Margin | 26.0% | 33.9% | 29.6% | -7.9pp | -3.6pp |
| Net Margin | -35.2% | -19.3% | -23.4% | -15.9pp | -11.8pp |
| EPS (Diluted) | $-0.07 | $-0.04 | $-0.05 | -64.2% | -31.4% |
| Free Cash Flow | -$817.8K | -$2M | -$818.8K | 54.1% | 0.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $764.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $294.7K |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $169.1K |
| Other Income/Expenses | -$83.1K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $44.5K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $904.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $904.0K |
| Stock-Based Compensation | $241.5K |
| Deferred Income Tax | -$8.4K |
| Other Non-Cash Items | $157.0K |
| Change in Working Capital | $580.4K |
| OPERATING CASH FLOW | -$737.4K |
| Capital Expenditure | -$80.4K |
| Acquisitions (Net) | $125.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $44.6K |
| Net Debt Issuance | -$99.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$125.0K |
| NET CASH FROM FINANCING | -$224.1K |
| FREE CASH FLOW | -$817.8K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $6M |
| Other Current Assets | $89.9K |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $20M |
| Goodwill | $7M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $123.0K |
| Other Non-Current Assets | $59.5K |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $46M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $222.8K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $323.4K |
| Other Non-Current Liabilities | $315.5K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $398.9K |
| Additional Paid-In Capital | $246M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $330.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $46M |
| Total Debt | $12M |
| Net Debt | $9M |
