| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $19M | $15M | -0.5% | 21.2% |
| Op. Income | -$11M | -$12M | -$16M | 5.7% | 28.6% |
| Gross Margin | 81.2% | 84.7% | 86.1% | -3.5pp | -4.9pp |
| Net Margin | -53.9% | -74.9% | -101.3% | 21.0pp | 47.4pp |
| EPS (Diluted) | $-0.38 | $-0.53 | $-0.60 | 28.3% | 36.7% |
| Free Cash Flow | -$11M | -$11M | -$15M | -2.0% | 30.3% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $15M |
| R&D Expenses | $5M |
| Selling & Marketing | $14M |
| General & Administrative | $7M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $552.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $552.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$524.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $544.0K |
| NET CASH FROM FINANCING | $559.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $3M |
| Net Receivables | $12M |
| Inventory | $8M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $58M |
| Account Payables | $7M |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $307.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $374M |
| Retained Earnings | -$384M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | -$13M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$13M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $45M |
| Net Debt | $32M |
