| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $27M | $28M | -3.3% | -7.4% |
| Op. Income | -$1M | -$833.0K | -$1M | -73.2% | -26.2% |
| Gross Margin | 70.9% | 74.3% | 77.1% | -3.4pp | -6.2pp |
| Net Margin | -16.8% | -5.8% | -2.2% | -11.0pp | -14.5pp |
| EPS (Diluted) | $-2.27 | $-0.80 | $-0.33 | -183.8% | -587.9% |
| Free Cash Flow | -$4M | -$2M | -$3M | -107.9% | -40.5% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $102.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $706.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $278.0K |
| Stock-Based Compensation | $158.0K |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$142.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$142.0K |
| Net Debt Issuance | -$80.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$80.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $13M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $237.0K |
| Long-Term Investments | $1M |
| Tax Assets | $2M |
| Other Non-Current Assets | $610.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $33M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $0 |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$5M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $6M |
| Net Debt | $843.0K |
