| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $1M | — | 2.7% |
| Op. Income | -$6M | — | -$5M | — | -14.9% |
| Gross Margin | 36.4% | — | 35.8% | — | 0.7pp |
| Net Margin | -579.1% | — | -365.4% | — | -213.6pp |
| EPS (Diluted) | $-1.07 | — | $-0.67 | — | -59.7% |
| Free Cash Flow | -$4M | — | -$5M | — | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $751.6K |
| GROSS PROFIT | $430.8K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $659.7K |
| Interest Expense | $1M |
| Other Income/Expenses | -$749.6K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $295 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $423.4K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $423.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $682.5K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$28.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$676.8K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$705.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $107.6K |
| NET CASH FROM FINANCING | $108.8K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $18M |
| Net Receivables | $1M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $36M |
| Account Payables | $636.3K |
| Short-Term Debt | $265.8K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $213.2K |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$213.2K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $591 |
| Additional Paid-In Capital | $75M |
| Retained Earnings | -$56M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $120M |
| Total Debt | $692.2K |
| Net Debt | -$7M |
