| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $1M | 2.8% | 100.3% |
| Op. Income | -$636.0K | -$777.0K | -$1M | 18.1% | 39.7% |
| Gross Margin | 43.6% | 42.3% | 28.5% | 1.3pp | 15.1pp |
| Net Margin | -23.1% | -25.4% | -61.5% | 2.3pp | 38.4pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.14 | 6.7% | 37.9% |
| Free Cash Flow | -$427.0K | -$400.0K | -$909.0K | -6.8% | 53.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $621.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $77.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$636.0K |
| Interest Income | $0 |
| Interest Expense | $21.0K |
| Other Income/Expenses | -$4.0K |
| INCOME BEFORE TAX | -$640.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$640.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$665.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$665.0K |
| D&A | $99.0K |
| EBIT | -$619.0K |
| EBITDA | -$520.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$665.0K |
| Depreciation & Amortization | $99.0K |
| Stock-Based Compensation | $127.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33.0K |
| Change in Working Capital | -$1.0K |
| OPERATING CASH FLOW | -$407.0K |
| Capital Expenditure | -$20.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20.0K |
| Net Debt Issuance | -$40.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$40.0K |
| FREE CASH FLOW | -$427.0K |
| Net Change in Cash | -$467.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $725.0K |
| Short-Term Investments | $0 |
| Net Receivables | $753.0K |
| Inventory | $2M |
| Other Current Assets | $854.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $4M |
| Goodwill | $1M |
| Intangible Assets | $744.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $10M |
| Account Payables | $826.0K |
| Short-Term Debt | $99.0K |
| Deferred Revenue | $180.0K |
| Other Current Liabilities | $208.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $539.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $384.0K |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $3M |
| Net Debt | $2M |
