| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $30M | $31M | -0.1% | -4.5% |
| Op. Income | -$991.0K | -$2M | -$2M | 35.1% | 54.1% |
| Gross Margin | 40.9% | 44.8% | 42.6% | -3.8pp | -1.7pp |
| Net Margin | -4.5% | -4.7% | -7.6% | 0.2pp | 3.1pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.06 | 5.6% | 45.1% |
| Free Cash Flow | $2M | $4M | $256.0K | -40.9% | 714.8% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $12M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $75.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$991.0K |
| Interest Income | $0 |
| Interest Expense | $9.0K |
| Other Income/Expenses | -$96.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $243.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $1M |
| EBIT | -$1M |
| EBITDA | -$73.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15.0K |
| Change in Working Capital | $908.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$92.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$704.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $773.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $27M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $10M |
| Goodwill | $31M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $667.0K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $122M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $193.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $311M |
| Retained Earnings | -$237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $18M |
| Net Debt | -$5M |
