| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $625.0K | $485.0K | $459.0K | 28.9% | 36.2% |
| Op. Income | -$2M | -$2M | -$2M | 2.9% | -0.7% |
| Gross Margin | 65.4% | 64.5% | 54.2% | 0.9pp | 11.2pp |
| Net Margin | -258.6% | -343.3% | -345.1% | 84.7pp | 86.5pp |
| EPS (Diluted) | $-0.87 | $-1.28 | $-3.08 | 32.0% | 71.8% |
| Free Cash Flow | -$1M | -$2M | -$2M | 24.9% | 26.4% |
| Item | Amount |
|---|---|
| REVENUE | $625.0K |
| Cost of Revenue | $216.0K |
| GROSS PROFIT | $409.0K |
| R&D Expenses | $427.0K |
| Selling & Marketing | $64.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $4.0K |
| Interest Expense | $6.0K |
| Other Income/Expenses | -$2.0K |
| 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 | $35.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $35.0K |
| Stock-Based Compensation | $90.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44.0K |
| Change in Working Capital | $297.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$47.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47.0K |
| Net Debt Issuance | -$14.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $470.0K |
| Inventory | $729.0K |
| Other Current Assets | $181.0K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $58.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $10M |
| Account Payables | $123.0K |
| Short-Term Debt | $59.0K |
| Deferred Revenue | $12.0K |
| Other Current Liabilities | $254.0K |
| TOTAL CURRENT LIABILITIES | $810.0K |
| Long-Term Debt | $175.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $146M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $3M |
| Net Debt | -$3M |
