| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $16M | $16M | 11.5% | 8.9% |
| Op. Income | -$429.2K | -$845.8K | -$1M | 49.3% | 66.8% |
| Gross Margin | 30.4% | 29.4% | 25.0% | 1.0pp | 5.4pp |
| Net Margin | -4.0% | -7.0% | -9.9% | 3.1pp | 6.0pp |
| EPS (Diluted) | $-0.09 | $-0.14 | $-0.21 | 36.1% | 57.4% |
| Free Cash Flow | $73.4K | $3M | $218.2K | -97.2% | -66.4% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $20.1K |
| Operating Expenses | $6M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$429.2K |
| Interest Income | $0 |
| Interest Expense | $248.8K |
| Other Income/Expenses | -$253.9K |
| INCOME BEFORE TAX | -$683.1K |
| Income Tax Expense | $14.8K |
| Net Income from Continuing Ops | -$697.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$697.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$697.9K |
| D&A | $212.2K |
| EBIT | -$434.3K |
| EBITDA | -$222.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$697.9K |
| Depreciation & Amortization | $212.2K |
| Stock-Based Compensation | $71.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16.0K |
| Change in Working Capital | $539.2K |
| OPERATING CASH FLOW | $141.4K |
| Capital Expenditure | -$68.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$68.0K |
| Net Debt Issuance | $824.9K |
| Common Stock Repurchased | -$107.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | $692.6K |
| FREE CASH FLOW | $73.4K |
| Net Change in Cash | $766.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $894.3K |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $19M |
| Other Current Assets | $511.5K |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $490.3K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $39M |
| Account Payables | $7M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $180.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $16M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $0 |
| TOTAL EQUITY | $19M |
| TOTAL LIABILITIES & EQUITY | $39M |
| Total Debt | $9M |
| Net Debt | $8M |
