| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | — | $40M | — | -29.3% |
| Op. Income | -$2M | — | $6M | — | -136.2% |
| Gross Margin | 17.5% | — | 27.4% | — | -9.9pp |
| Net Margin | -2.2% | — | 13.1% | — | -15.3pp |
| EPS (Diluted) | $-0.04 | — | $0.31 | — | -112.3% |
| Free Cash Flow | -$2M | — | $5M | — | -146.2% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $5M |
| R&D Expenses | $163.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$2M |
| Interest Income | $877.0K |
| Interest Expense | $20.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$954.0K |
| Income Tax Expense | $14.6K |
| Net Income from Continuing Ops | -$968.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$624.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$624.4K |
| D&A | $236.4K |
| EBIT | -$1M |
| EBITDA | -$868.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$624.4K |
| Depreciation & Amortization | $236.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $55.4K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$160.6K |
| Acquisitions (Net) | $701.3K |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $11M |
| Net Receivables | $23M |
| Inventory | $10M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $128.6K |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $39.3K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $73M |
| Account Payables | $8M |
| Short-Term Debt | $4M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $355.5K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $908.1K |
| TOTAL LIABILITIES | $29M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $6M |
| Retained Earnings | $37M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$52.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43M |
| Minority Interest | $309.3K |
| TOTAL EQUITY | $43M |
| TOTAL LIABILITIES & EQUITY | $73M |
| Total Debt | $4M |
| Net Debt | -$14M |
