| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $9M | $15M | 32.9% | -23.2% |
| Op. Income | -$24M | -$30M | -$8M | 22.5% | -212.2% |
| Gross Margin | 56.1% | 33.9% | 58.9% | 22.2pp | -2.8pp |
| Net Margin | -183.7% | -542.0% | -200.9% | 358.3pp | 17.2pp |
| EPS (Diluted) | $-318670.00 | $-0.71 | $-0.47 | -44882998.6% | -67802027.7% |
| Free Cash Flow | -$6M | -$6M | -$14M | 1.5% | 61.2% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $8M |
| General & Administrative | $20M |
| SG&A Expenses | $29M |
| Other Expenses | $193.4K |
| Operating Expenses | $30M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $626.8K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$181.3K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $193.4K |
| EBIT | -$24M |
| EBITDA | -$23M |
| EPS | -$318.7K |
| EPS Diluted | -$318.7K |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $193.4K |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$186.3K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $6.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6.7K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $270.7K |
| Net Receivables | $6M |
| Inventory | $91.5K |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $1M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $2M |
| Tax Assets | $24.5K |
| Other Non-Current Assets | $90.8K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $29M |
| Account Payables | $20M |
| Short-Term Debt | $22M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $362.4K |
| Deferred Tax Liabilities | $41.0K |
| Other Non-Current Liabilities | $296.5K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $85M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$221M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $104M |
| TOTAL STOCKHOLDERS' EQUITY | -$34M |
| Minority Interest | -$494.5K |
| TOTAL EQUITY | -$34M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $25M |
| Net Debt | $19M |
