| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | — | $15M | — | 39.2% |
| Op. Income | -$5M | — | -$4M | — | -28.6% |
| Gross Margin | 9.1% | — | 5.9% | — | 3.2pp |
| Net Margin | -24.8% | — | -31.0% | — | 6.1pp |
| EPS (Diluted) | $-74.58 | — | $-75.00 | — | 0.6% |
| Free Cash Flow | $0 | — | -$5M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$805.2K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $42 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$75 |
| EPS Diluted | -$75 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $664.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $16M |
| Other Current Assets | -$333.8K |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $53M |
| Account Payables | $9M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $291.8K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$22M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $3M |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $31M |
| Net Debt | $29M |
