| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | -14.8% | -10.0% |
| Op. Income | -$3M | -$2M | -$1M | -27.3% | -110.2% |
| Gross Margin | 25.9% | 43.4% | 54.7% | -17.5pp | -28.9pp |
| Net Margin | -72.4% | -50.7% | -37.8% | -21.8pp | -34.6pp |
| EPS (Diluted) | $-0.17 | $-0.14 | $-0.11 | -21.4% | -54.5% |
| Free Cash Flow | -$881.0K | -$4M | -$4M | 75.6% | 78.2% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $954.0K |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $321.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $108.0K |
| Other Income/Expenses | -$138.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | -$9.0K |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$713.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $844.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $432.0K |
| Change in Working Capital | $391.0K |
| OPERATING CASH FLOW | $628.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$573.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$128.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$881.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $867.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $50M |
| Account Payables | $3M |
| Short-Term Debt | $17M |
| Deferred Revenue | $369.0K |
| Other Current Liabilities | $745.0K |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $724.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $342M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $18M |
| Net Debt | -$1M |
