| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $11M | $12M | 25.9% | 15.2% |
| Op. Income | -$3M | -$3M | -$24M | -32.4% | 85.8% |
| Gross Margin | 55.7% | 58.9% | 56.1% | -3.1pp | -0.3pp |
| Net Margin | -15.4% | -36.9% | -183.7% | 21.5pp | 168.3pp |
| EPS (Diluted) | $-0.03 | $-0.05 | $-318670.00 | 48.2% | 100.0% |
| Free Cash Flow | -$6M | -$3M | -$6M | -92.7% | -10.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $8M |
| R&D Expenses | $1M |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $10M |
| Other Expenses | -$597.9K |
| Operating Expenses | $11M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $10.8K |
| 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 | $750.2K |
| EBIT | -$914.5K |
| EBITDA | -$164.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $750.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $26 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$81.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28.2K |
| Sales/Maturities of Investments | -$73.1K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$182.9K |
| Net Debt Issuance | -$991.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $366.5K |
| Net Receivables | $14M |
| Inventory | $213.9K |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $2M |
| Goodwill | $2M |
| Intangible Assets | $3M |
| Long-Term Investments | $268.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $364.4K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $42M |
| Account Payables | $15M |
| Short-Term Debt | $23M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $147.9K |
| Deferred Revenue NC | $214.6K |
| Deferred Tax Liabilities | $40.4K |
| Other Non-Current Liabilities | $296.8K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$230M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $105M |
| TOTAL STOCKHOLDERS' EQUITY | -$27M |
| Minority Interest | $6M |
| TOTAL EQUITY | -$21M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $24M |
| Net Debt | $19M |
