| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $61M | — | -6.5% | — |
| Op. Income | -$999.0K | $448.0K | — | -323.0% | — |
| Gross Margin | 97.3% | 71.1% | — | 26.2pp | — |
| Net Margin | -5.3% | -1.8% | — | -3.5pp | — |
| EPS (Diluted) | $-0.07 | $-0.03 | — | -178.6% | — |
| Free Cash Flow | $7M | $6M | — | 30.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $21M |
| SG&A Expenses | $22M |
| Other Expenses | $8M |
| Operating Expenses | $30M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$999.0K |
| Interest Income | $127.6K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $35.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $13M |
| EBIT | -$1M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $298.0K |
| Deferred Income Tax | $2.0K |
| Other Non-Cash Items | -$961.1K |
| Change in Working Capital | -$358.9K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $23M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $75M |
| PP&E (Net) | $53M |
| Goodwill | $51M |
| Intangible Assets | $65M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $340.0K |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $245M |
| Account Payables | $33M |
| Short-Term Debt | $13M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $206.0K |
| Other Non-Current Liabilities | $498.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $0 |
| Additional Paid-In Capital | $278M |
| Retained Earnings | -$175M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $245M |
| Total Debt | $98M |
| Net Debt | $81M |
