| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $114M | $109M | -1.8% | 2.5% |
| Op. Income | $8M | $6M | $8M | 32.0% | -9.1% |
| Gross Margin | 40.2% | 38.7% | 38.1% | 1.6pp | 2.2pp |
| Net Margin | -2.6% | -3.6% | 1.0% | 1.0pp | -3.6pp |
| EPS (Diluted) | $-0.04 | $-0.06 | $0.01 | 30.0% | -373.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $350.4K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $25M |
| Operating Expenses | $37M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $860.1K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $18M |
| EBIT | $8M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $173M |
| Inventory | $42M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $274M |
| PP&E (Net) | $539M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $14M |
| Tax Assets | $16M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $608M |
| TOTAL ASSETS | $883M |
| Account Payables | $182M |
| Short-Term Debt | $83M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $312M |
| Long-Term Debt | $284M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $364M |
| TOTAL LIABILITIES | $676M |
| Common Stock | $46M |
| Additional Paid-In Capital | $210M |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $207M |
| Minority Interest | $0 |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $883M |
| Total Debt | $408M |
| Net Debt | $381M |
