| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $54M | $44M | -7.9% | 12.1% |
| Op. Income | -$667.0K | $316.0K | -$2M | -311.1% | 65.7% |
| Gross Margin | 31.0% | 30.6% | 28.4% | 0.4pp | 2.5pp |
| Net Margin | -1.5% | 1.1% | -4.1% | -2.6pp | 2.6pp |
| EPS (Diluted) | $-0.05 | $0.04 | $-0.13 | -218.2% | 63.0% |
| Free Cash Flow | $5M | -$514.0K | -$715.0K | 1062.6% | 792.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$667.0K |
| Interest Income | $45.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$388.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$304.0K |
| Net Income from Continuing Ops | -$751.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$751.0K |
| Net Income Deductions | -$161.0K |
| BOTTOM LINE NET INCOME | -$590.0K |
| D&A | $1M |
| EBIT | -$669.0K |
| EBITDA | $346.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$751.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $313.0K |
| Deferred Income Tax | -$21.0K |
| Other Non-Cash Items | $223.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$517.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$517.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$853.0K |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | -$687.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $111M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $166M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $123.0K |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $195M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $557.0K |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $75.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $720.0K |
| Additional Paid-In Capital | $74M |
| Retained Earnings | $82M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$348.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $195M |
| Total Debt | $2M |
| Net Debt | -$24M |
