| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $106M | $123M | 2.1% | -12.3% |
| Op. Income | -$1M | -$5M | -$2M | 69.4% | 31.8% |
| Gross Margin | 16.9% | 13.3% | 17.7% | 3.6pp | -0.8pp |
| Net Margin | -7.5% | -6.3% | -1.8% | -1.2pp | -5.7pp |
| EPS (Diluted) | $-0.16 | $-0.23 | $-0.05 | 30.4% | -254.8% |
| Free Cash Flow | -$696.0K | -$7M | -$5M | 90.4% | 85.7% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $8M |
| Operating Expenses | $20M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $774.0K |
| 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 | -$13M |
| D&A | $9M |
| EBIT | -$4M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $801.0K |
| Deferred Income Tax | -$179.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$696.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $980.0K |
| FREE CASH FLOW | -$696.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $63M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $202M |
| Goodwill | $0 |
| Intangible Assets | $38M |
| Long-Term Investments | $40M |
| Tax Assets | $1M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $289M |
| TOTAL ASSETS | $461M |
| Account Payables | $46M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $154M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $299M |
| Common Stock | $503.0K |
| Additional Paid-In Capital | $448M |
| Retained Earnings | -$348M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $162M |
| Minority Interest | $0 |
| TOTAL EQUITY | $162M |
| TOTAL LIABILITIES & EQUITY | $461M |
| Total Debt | $219M |
| Net Debt | $209M |
