| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $13M | 15.1% | 6.9% |
| Op. Income | -$2M | -$2M | -$2M | 6.2% | 19.1% |
| Gross Margin | 31.3% | 32.6% | 25.2% | -1.3pp | 6.0pp |
| Net Margin | -14.3% | -16.5% | -17.8% | 2.1pp | 3.4pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.11 | 1.2% | 15.3% |
| Free Cash Flow | -$529.2K | -$1M | -$853.6K | 53.9% | 38.0% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$2M |
| Interest Income | $50.3K |
| Interest Expense | $13.7K |
| Other Income/Expenses | $27.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $224.2K |
| 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 | $335.3K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $335.3K |
| Stock-Based Compensation | $515.8K |
| Deferred Income Tax | -$297.6K |
| Other Non-Cash Items | -$227.6K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$368.7K |
| Capital Expenditure | -$160.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$59.8K |
| NET CASH FROM FINANCING | $567.6K |
| FREE CASH FLOW | -$529.2K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $1M |
| Net Receivables | $7M |
| Inventory | $15M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $5M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38.1K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $39M |
| Account Payables | $5M |
| Short-Term Debt | $1M |
| Deferred Revenue | $152.3K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $77.6K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $2.2K |
| Additional Paid-In Capital | $51M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $39M |
| Total Debt | $5M |
| Net Debt | -$3M |
