| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $5M | 7.9% | -6.2% |
| Op. Income | -$910.0K | -$1M | -$704.2K | 27.0% | -29.2% |
| Gross Margin | 23.6% | 26.6% | 30.1% | -3.0pp | -6.4pp |
| Net Margin | -21.4% | -31.2% | -15.7% | 9.8pp | -5.7pp |
| EPS (Diluted) | $-0.15 | $-0.21 | $-0.13 | 28.6% | -15.4% |
| Free Cash Flow | -$818.8K | -$343.0K | -$247.1K | -138.7% | -231.4% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $1M |
| R&D Expenses | $317.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$910.0K |
| Interest Income | $0 |
| Interest Expense | $59.7K |
| Other Income/Expenses | -$59.7K |
| INCOME BEFORE TAX | -$969.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$969.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$969.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$969.7K |
| D&A | $49.2K |
| EBIT | -$910.0K |
| EBITDA | -$860.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$969.7K |
| Depreciation & Amortization | $49.2K |
| Stock-Based Compensation | $308.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.5K |
| Change in Working Capital | -$179.1K |
| OPERATING CASH FLOW | -$786.8K |
| Capital Expenditure | -$32.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2.2K |
| NET CASH FROM INVESTING | -$32.0K |
| Net Debt Issuance | $395.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $395.7K |
| FREE CASH FLOW | -$818.8K |
| Net Change in Cash | -$423.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212.4K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $552.2K |
| Goodwill | $9M |
| Intangible Assets | $292.5K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $18M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $791.0K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $63.6K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $3M |
| Net Debt | $3M |
