| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $4M | 32.8% | 27.3% |
| Op. Income | -$824.0K | -$859.0K | -$1M | 4.1% | 31.8% |
| Gross Margin | 43.0% | 50.3% | 32.0% | -7.3pp | 11.0pp |
| Net Margin | 1.3% | -20.8% | -27.5% | 22.1pp | 28.8pp |
| EPS (Diluted) | $0.05 | $-0.59 | $-0.83 | 107.8% | 105.6% |
| Free Cash Flow | $294.0K | -$182.0K | $430.0K | 261.5% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$789.0K |
| SG&A Expenses | -$789.0K |
| Other Expenses | $4M |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$824.0K |
| Interest Income | $0 |
| Interest Expense | $23.0K |
| Other Income/Expenses | $898.0K |
| INCOME BEFORE TAX | $74.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $74.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74.0K |
| D&A | $422.0K |
| EBIT | $97.0K |
| EBITDA | $519.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74.0K |
| Depreciation & Amortization | $422.0K |
| Stock-Based Compensation | $449.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$93.0K |
| Change in Working Capital | -$499.0K |
| OPERATING CASH FLOW | $353.0K |
| Capital Expenditure | -$59.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59.0K |
| Net Debt Issuance | -$181.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$181.0K |
| FREE CASH FLOW | $294.0K |
| Net Change in Cash | $113.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $1M |
| Other Current Assets | $376.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $60.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $19M |
| Account Payables | $1M |
| Short-Term Debt | $29.0K |
| Deferred Revenue | $278.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $62.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $116M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $3M |
| Net Debt | $1M |
