| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $3M | 5.5% | 31.1% |
| Op. Income | -$850.0K | -$1M | -$1M | 27.5% | 29.6% |
| Gross Margin | 38.0% | 38.5% | 36.3% | -0.5pp | 1.8pp |
| Net Margin | -17.0% | -33.7% | -54.3% | 16.7pp | 37.3pp |
| EPS (Diluted) | $-0.59 | $-1.34 | $-2.87 | 56.0% | 79.4% |
| Free Cash Flow | $328.0K | -$917.0K | -$1M | 135.8% | 126.6% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $506.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$850.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $387.0K |
| INCOME BEFORE TAX | -$463.0K |
| Income Tax Expense | $147.0K |
| Net Income from Continuing Ops | -$610.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$610.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$610.0K |
| D&A | $35.0K |
| EBIT | -$850.0K |
| EBITDA | -$815.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$610.0K |
| Depreciation & Amortization | $35.0K |
| Stock-Based Compensation | $14.0K |
| Deferred Income Tax | $66.0K |
| Other Non-Cash Items | -$55.0K |
| Change in Working Capital | $904.0K |
| OPERATING CASH FLOW | $354.0K |
| Capital Expenditure | -$26.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26.0K |
| Net Debt Issuance | -$122.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $328.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $417.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $792.0K |
| Other Non-Current Assets | $255.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $14M |
| Account Payables | $770.0K |
| Short-Term Debt | $82.0K |
| Deferred Revenue | $319.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $45.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $0 |
| Additional Paid-In Capital | $206M |
| Retained Earnings | -$196M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $244.0K |
| Net Debt | -$4M |
