Reported December 5, 2025
| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | — | $29M | — | 5.3% |
| Op. Income | -$3M | — | $5M | — | -174.8% |
| Gross Margin | 14.9% | — | 34.3% | — | -19.4pp |
| Net Margin | -10.2% | — | 13.4% | — | -23.7pp |
| EPS (Diluted) | $-0.05 | — | $0.16 | — | -133.0% |
| Free Cash Flow | $0 | — | $3M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $5M |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $413.5K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $757.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $5M |
| Net Receivables | $6M |
| Inventory | $601.3K |
| Other Current Assets | $512.4K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $36M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $261.8K |
| TOTAL NON-CURRENT LIABILITIES | $497.8K |
| TOTAL LIABILITIES | $13M |
| Common Stock | $18.4K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | -$24M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $5M |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $36M |
| Total Debt | $547.1K |
| Net Debt | -$8M |