| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $3M | $6M | 114.1% | -8.9% |
| Op. Income | -$18M | -$21M | -$28M | 11.6% | 35.2% |
| Gross Margin | 9.3% | -79.0% | -27.6% | 88.4pp | 37.0pp |
| Net Margin | -320.6% | -702.6% | -384.6% | 382.0pp | 64.1pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.12 | 0.0% | 25.0% |
| Free Cash Flow | -$16M | -$18M | -$28M | 9.9% | 41.3% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $549.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$18M |
| Interest Income | $333.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$572.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$10.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $3M |
| EBIT | -$18M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$9.0K |
| Other Non-Cash Items | $686.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$509.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$509.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $28M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $31M |
| Goodwill | $8M |
| Intangible Assets | $931.0K |
| Long-Term Investments | $0 |
| Tax Assets | $31.0K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $110M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $145.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $348M |
| Retained Earnings | -$264M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $110M |
| Total Debt | $983.0K |
| Net Debt | -$28M |
