| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286.7K | — | $520.8K | — | -44.9% |
| Op. Income | -$8M | — | -$10M | — | 17.5% |
| Gross Margin | -108.2% | — | 61.3% | — | -169.5pp |
| Net Margin | -2910.3% | — | -2116.8% | — | -793.5pp |
| EPS (Diluted) | $-2.65 | — | $-19.73 | — | 86.6% |
| Free Cash Flow | -$7M | — | -$8M | — | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $286.7K |
| Cost of Revenue | $597.1K |
| GROSS PROFIT | -$310.3K |
| R&D Expenses | $3M |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $215.3K |
| Other Income/Expenses | -$252.9K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| 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 | $347.9K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $499.9K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $96.5K |
| Change in Working Capital | -$112.5K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$1.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$450.0K |
| NET CASH FROM INVESTING | -$451.1K |
| Net Debt Issuance | -$859.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $197.9K |
| Inventory | $503.1K |
| Other Current Assets | $130.4K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $10M |
| Account Payables | $596.9K |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $192.7K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $41.6K |
| Additional Paid-In Capital | $77M |
| Retained Earnings | -$99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $3M |
| Net Debt | $1M |
