| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $5M | 10.3% | 62.8% |
| Op. Income | -$2M | -$2M | -$910.0K | -9.2% | -91.5% |
| Gross Margin | 2.8% | 14.2% | 23.6% | -11.4pp | -20.9pp |
| Net Margin | -24.2% | -24.5% | -21.4% | 0.3pp | -2.7pp |
| EPS (Diluted) | $-0.23 | $-0.21 | $-0.15 | -9.5% | -53.3% |
| Free Cash Flow | -$352.4K | -$226.5K | -$818.8K | -55.6% | 57.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $204.7K |
| R&D Expenses | $249.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $38.5K |
| Other Income/Expenses | -$38.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $74.2K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $74.2K |
| Stock-Based Compensation | $187.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $124.4K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$256.1K |
| Capital Expenditure | -$96.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96.3K |
| Net Debt Issuance | -$158.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$158.2K |
| FREE CASH FLOW | -$352.4K |
| Net Change in Cash | -$510.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $881.5K |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $220.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $23M |
| Account Payables | $6M |
| Short-Term Debt | $577.9K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $77.2K |
| Additional Paid-In Capital | $70M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $4M |
| Net Debt | $4M |
