| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $6M | $10M | -52.4% | -70.2% |
| Op. Income | -$2M | $652.0K | $3M | -393.3% | -156.4% |
| Gross Margin | -19.2% | 30.6% | 45.1% | -49.7pp | -64.3pp |
| Net Margin | -63.1% | 8.5% | 32.8% | -71.6pp | -95.8pp |
| EPS (Diluted) | $-0.09 | $0.19 | $0.15 | -145.4% | -157.5% |
| Free Cash Flow | $3M | $500.0K | $4M | 449.8% | -33.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$568.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $943.0K |
| SG&A Expenses | $943.0K |
| Other Expenses | $401.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $9M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$43.0K |
| 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 | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $890.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $60M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $369M |
| TOTAL NON-CURRENT ASSETS | $369M |
| TOTAL ASSETS | $395M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $209M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $215M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | -$118M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $180M |
| Minority Interest | $0 |
| TOTAL EQUITY | $180M |
| TOTAL LIABILITIES & EQUITY | $395M |
| Total Debt | $209M |
| Net Debt | $206M |
