| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $4M | -2.3% | -35.6% |
| Op. Income | -$2M | -$848.7K | -$3M | -99.9% | 35.1% |
| Gross Margin | -38.4% | -0.8% | -4.0% | -37.6pp | -34.4pp |
| Net Margin | -93.7% | -46.9% | -75.2% | -46.8pp | -18.5pp |
| EPS (Diluted) | $-0.93 | $-0.47 | $-1.49 | -97.9% | 37.6% |
| Free Cash Flow | -$1M | -$155.8K | -$785.5K | -554.4% | -29.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$870.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $826.0K |
| SG&A Expenses | $826.0K |
| Other Expenses | $0 |
| Operating Expenses | $826.0K |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $169.8K |
| Other Income/Expenses | -$427.6K |
| 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 | -$3M |
| D&A | $121.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $121.0K |
| Stock-Based Compensation | $33.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $416.0K |
| Change in Working Capital | $533.7K |
| OPERATING CASH FLOW | -$1M |
| 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 | $38.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $254.3K |
| NET CASH FROM FINANCING | $993.1K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$26.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7K |
| Short-Term Investments | $0 |
| Net Receivables | $858.9K |
| Inventory | $0 |
| Other Current Assets | $14.0K |
| TOTAL CURRENT ASSETS | $875.6K |
| PP&E (Net) | $3M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $381.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $12M |
| Account Payables | $4M |
| Short-Term Debt | $26.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $73.7K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $837 |
| Additional Paid-In Capital | $78M |
| Retained Earnings | -$72M |
| Treasury Stock | -$110.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $748.0K |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $145.9K |
| Net Debt | $143.3K |
