| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $2M | 35.6% | 1.4% |
| Op. Income | -$586.0K | -$1M | -$877.0K | 44.7% | 33.2% |
| Gross Margin | 56.0% | 28.4% | 49.7% | 27.6pp | 6.3pp |
| Net Margin | -22.4% | -71.7% | -48.7% | 49.2pp | 26.3pp |
| EPS (Diluted) | $-0.15 | $-0.51 | $-1.28 | 70.6% | 88.3% |
| Free Cash Flow | -$1M | -$1M | -$642.0K | 16.0% | -65.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $882.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $142.0K |
| Selling & Marketing | $520.0K |
| General & Administrative | $904.0K |
| SG&A Expenses | $1M |
| Other Expenses | $144.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$586.0K |
| Interest Income | $136.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $136.0K |
| INCOME BEFORE TAX | -$450.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$450.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$450.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$450.0K |
| D&A | $62.0K |
| EBIT | -$442.0K |
| EBITDA | -$380.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$450.0K |
| Depreciation & Amortization | $63.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $160.7K |
| Change in Working Capital | -$822.9K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$16.1K |
| Acquisitions (Net) | -$45.2K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$54.3K |
| Net Debt Issuance | -$55.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $587.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $98.0K |
| Goodwill | $142.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $14.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $10M |
| Account Payables | $914.0K |
| Short-Term Debt | $80.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $92.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $193.0K |
| TOTAL NON-CURRENT LIABILITIES | $287.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $74M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$865.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $189.0K |
| Net Debt | -$4M |
