| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $1M | 0.0% | 58.6% |
| Op. Income | -$2M | -$2M | -$4M | 0.0% | 48.2% |
| Gross Margin | 60.6% | 60.6% | 45.4% | 0.0pp | 15.2pp |
| Net Margin | -101.3% | -101.3% | -120.1% | 0.0pp | 18.7pp |
| EPS (Diluted) | $-1.00 | $-1.00 | $-1.00 | 0.0% | 0.0% |
| Free Cash Flow | -$3M | -$3M | -$3M | 0.0% | 18.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $803.5K |
| GROSS PROFIT | $1M |
| R&D Expenses | $482.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $512.0K |
| Other Income/Expenses | $122.5K |
| 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 | $84.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $84.0K |
| Stock-Based Compensation | $148.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$529.0K |
| Change in Working Capital | -$144.5K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $3M |
| Other Current Assets | $160.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $289.0K |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $18M |
| Account Payables | $835.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $500.0K |
| TOTAL NON-CURRENT LIABILITIES | $500.0K |
| TOTAL LIABILITIES | $23M |
| Common Stock | $63M |
| Additional Paid-In Capital | $350M |
| Retained Earnings | -$418M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $214.0K |
| Net Debt | -$3M |
