| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $5M | — | 95.3% | — |
| Op. Income | $97.0K | -$6M | — | 101.6% | — |
| Gross Margin | 59.1% | 21.2% | — | 37.9pp | — |
| Net Margin | -2.6% | -111.0% | — | 108.4pp | — |
| EPS (Diluted) | $-0.00 | $-0.03 | — | 95.7% | — |
| Free Cash Flow | -$4M | -$7M | — | 46.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $6M |
| R&D Expenses | $498.6K |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $260.4K |
| Operating Expenses | $6M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $97.0K |
| Interest Income | $216.8K |
| Interest Expense | $216.8K |
| Other Income/Expenses | $24 |
| INCOME BEFORE TAX | $97.0K |
| Income Tax Expense | $353.7K |
| Net Income from Continuing Ops | -$256.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$256.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$256.7K |
| D&A | $260.4K |
| EBIT | $313.8K |
| EBITDA | $574.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$256.7K |
| Depreciation & Amortization | $260.4K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$335.9K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$316.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$316.6K |
| Net Debt Issuance | -$702.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$702.1K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $18M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $365.6K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $70M |
| Account Payables | $8M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $111.9K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $92M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $77.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42M |
| Minority Interest | $0 |
| TOTAL EQUITY | $42M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $10M |
| Net Debt | -$2M |
