| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $14M | $13M | -31.0% | -27.3% |
| Op. Income | -$7M | $576.7K | -$7M | -1239.8% | 2.7% |
| Gross Margin | 41.3% | 42.9% | 32.9% | -1.6pp | 8.3pp |
| Net Margin | -84.1% | -2.3% | -73.4% | -81.9pp | -10.8pp |
| EPS (Diluted) | $-8.00 | $-0.33 | $-11.00 | -2324.2% | 27.3% |
| Free Cash Flow | -$2M | -$516.9K | $592.4K | -311.5% | -459.0% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $4M |
| Operating Expenses | $11M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $827.3K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$17.9K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $978.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$466.4K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$48.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48.1K |
| Net Debt Issuance | -$103.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$103.3K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $479.3K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $53M |
| Account Payables | $34M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $20.8K |
| Additional Paid-In Capital | $228M |
| Retained Earnings | -$237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $351.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $27M |
| Net Debt | $23M |
