| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $7M | -7.2% | -6.4% |
| Op. Income | -$146.3K | $528.5K | $158.5K | -127.7% | -192.2% |
| Gross Margin | 24.4% | 32.7% | 31.0% | -8.3pp | -6.7pp |
| Net Margin | -5.2% | 4.6% | 4.0% | -9.8pp | -9.3pp |
| EPS (Diluted) | $-0.01 | $0.01 | $0.01 | -205.7% | -220.8% |
| Free Cash Flow | -$548.1K | $84.6K | -$2M | -748.2% | 70.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$146.3K |
| Interest Income | $0 |
| Interest Expense | $209.0K |
| Other Income/Expenses | -$197.7K |
| INCOME BEFORE TAX | -$343.9K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$343.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$343.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$343.9K |
| D&A | $676.6K |
| EBIT | -$146.3K |
| EBITDA | $530.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$343.9K |
| Depreciation & Amortization | $676.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24.2K |
| Change in Working Capital | -$514.9K |
| OPERATING CASH FLOW | -$158.0K |
| Capital Expenditure | -$390.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$390.0K |
| Net Debt Issuance | $294.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $294.3K |
| FREE CASH FLOW | -$548.1K |
| Net Change in Cash | -$253.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287.1K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $321.3K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $270.4K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $8M |
| Deferred Revenue | $34.0K |
| Other Current Liabilities | $821.7K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $3.7K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $12M |
| Net Debt | $11M |
