| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $7M | $9M | -36.4% | -52.6% |
| Op. Income | -$566.5K | $2M | $5M | -123.0% | -110.5% |
| Gross Margin | 42.5% | 63.9% | 83.4% | -21.4pp | -40.9pp |
| Net Margin | -20.0% | 34.9% | 56.8% | -54.9pp | -76.8pp |
| EPS (Diluted) | $-0.44 | $1.22 | $2.62 | -136.1% | -116.8% |
| Free Cash Flow | $9M | -$66M | $9M | 113.3% | -1.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $1M |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$566.5K |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$566.5K |
| Income Tax Expense | $329.6K |
| Net Income from Continuing Ops | -$896.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$896.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$896.1K |
| D&A | $0 |
| EBIT | -$566.5K |
| EBITDA | -$566.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$896.1K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $9M |
| 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 | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $557.5K |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $288M |
| TOTAL ASSETS | $301M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $137M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $270.3K |
| TOTAL NON-CURRENT LIABILITIES | $138M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $705M |
| Retained Earnings | -$546M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $137M |
| Net Debt | $129M |
