| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $957.9K | 47.7% | 554.9% |
| Op. Income | -$9M | -$10M | -$8M | 10.3% | -11.4% |
| Gross Margin | 53.1% | 35.0% | -19.9% | 18.1pp | 73.0pp |
| Net Margin | -171.4% | -332.8% | -863.4% | 161.4pp | 692.0pp |
| EPS (Diluted) | $-0.08 | $-0.15 | $-0.14 | 46.7% | 42.9% |
| Free Cash Flow | -$9M | -$7M | -$10M | -24.2% | 14.1% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$9M |
| Interest Income | $250.3K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$110.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15.0K |
| NET CASH FROM INVESTING | -$110.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $52M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $7M |
| Goodwill | $28M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $706.0K |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $152M |
| Account Payables | $5M |
| Short-Term Debt | $16M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $300.0K |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102.3K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $20.7K |
| Additional Paid-In Capital | $352M |
| Retained Earnings | -$261M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | $22M |
| TOTAL EQUITY | $113M |
| TOTAL LIABILITIES & EQUITY | $152M |
| Total Debt | $23M |
| Net Debt | -$44M |
