| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $15M | $13M | 12.8% | 33.4% |
| Op. Income | $3M | $3M | $777.0K | -10.7% | 246.5% |
| Gross Margin | 30.2% | 34.6% | 22.3% | -4.4pp | 7.9pp |
| Net Margin | 12.1% | 16.6% | 4.0% | -4.4pp | 8.2pp |
| EPS (Diluted) | $0.61 | $0.75 | $0.14 | -18.7% | 335.7% |
| Free Cash Flow | -$5M | $1M | $77.0K | -422.3% | -6193.5% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $5M |
| R&D Expenses | $942.0K |
| Selling & Marketing | $49.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $3M |
| Interest Income | $21.0K |
| Interest Expense | $204.0K |
| Other Income/Expenses | -$106.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $546.0K |
| 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 | $313.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $5M |
| R&D Expenses | $942.0K |
| Selling & Marketing | $49.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $3M |
| Interest Income | $21.0K |
| Interest Expense | $204.0K |
| Other Income/Expenses | -$106.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $546.0K |
| 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 | $313.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $313.0K |
| Stock-Based Compensation | $130.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$542.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$542.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66.0K |
| Short-Term Investments | $5M |
| Net Receivables | $18M |
| Inventory | $20M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $40.0K |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $44.0K |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $60M |
| Account Payables | $6M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$476.0K |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $366.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $31M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $18M |
| Net Debt | $18M |
