| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $23M | $21M | 5.9% | 14.8% |
| Op. Income | -$15M | -$15M | -$16M | -1.7% | 5.2% |
| Gross Margin | 72.1% | 72.5% | 73.7% | -0.4pp | -1.5pp |
| Net Margin | -63.6% | -64.1% | -73.7% | 0.5pp | 10.1pp |
| EPS (Diluted) | $-0.38 | $-0.36 | $-0.39 | -5.6% | 2.6% |
| Free Cash Flow | -$4M | -$14M | -$6M | 70.4% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $17M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$15M |
| Interest Income | $723.0K |
| Interest Expense | $799.0K |
| Other Income/Expenses | -$192.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $177.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $299.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $399.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$49.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$48.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$20.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $913.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $9M |
| Net Receivables | $16M |
| Inventory | $16M |
| Other Current Assets | $383.0K |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $21M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $147M |
| Account Payables | $7M |
| Short-Term Debt | $104.0K |
| Deferred Revenue | $78.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $564M |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $147M |
| Total Debt | $57M |
| Net Debt | -$19M |
