| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $4M | 15.0% | 95.0% |
| Op. Income | -$1M | -$1M | -$2M | -17.2% | 25.4% |
| Gross Margin | 27.2% | 18.2% | -1.2% | 9.1pp | 28.4pp |
| Net Margin | -22.6% | -22.2% | -54.1% | -0.3pp | 31.6pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.26 | 12.2% | 68.9% |
| Free Cash Flow | -$383.9K | -$4M | -$603.0K | 90.4% | 36.3% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $903.8K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $286.8K |
| Operating Expenses | $3M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $185.1K |
| Other Income/Expenses | -$47.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $45.0K |
| 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 | $82.4K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $50.1K |
| Stock-Based Compensation | $581.6K |
| Deferred Income Tax | -$1.5K |
| Other Non-Cash Items | $836.3K |
| Change in Working Capital | -$336.4K |
| OPERATING CASH FLOW | -$453.5K |
| Capital Expenditure | $69.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$55.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $345.5K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$383.9K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $124.3K |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $322.7K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $24M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $241.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $710.9K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $303.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $24M |
| Total Debt | $6M |
| Net Debt | $4M |
