| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70.6K | $41.0K | $26.8K | 72.1% | 163.0% |
| Op. Income | -$2M | -$2M | -$1M | 19.4% | -25.0% |
| Gross Margin | 67.6% | 66.9% | 73.0% | 0.7pp | -5.4pp |
| Net Margin | -2239.7% | -4847.8% | -4785.7% | 2608.1pp | 2546.0pp |
| EPS (Diluted) | $-0.10 | $-0.15 | $-0.17 | 33.3% | 41.2% |
| Free Cash Flow | -$917.2K | -$1M | -$1M | 35.7% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $70.6K |
| Cost of Revenue | $22.8K |
| GROSS PROFIT | $47.8K |
| R&D Expenses | $225.8K |
| Selling & Marketing | $1M |
| General & Administrative | $178.6K |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $4.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $39.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $5.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5.1K |
| Stock-Based Compensation | $572.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32.4K |
| Change in Working Capital | $119.0K |
| OPERATING CASH FLOW | -$917.2K |
| Capital Expenditure | -$5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $32.4K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$917.2K |
| Net Change in Cash | -$190.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431.3K |
| Short-Term Investments | $5M |
| Net Receivables | $59.8K |
| Inventory | $173.0K |
| Other Current Assets | $243.5K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $294.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $294.9K |
| TOTAL ASSETS | $7M |
| Account Payables | $240.6K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $360.0K |
| TOTAL CURRENT LIABILITIES | $600.6K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $600.6K |
| Common Stock | $17.4K |
| Additional Paid-In Capital | $94M |
| Retained Earnings | -$88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $830 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $0 |
| Net Debt | -$431.3K |
