| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $32M | $16M | 19.2% | 131.7% |
| Op. Income | -$8M | -$11M | -$9M | 26.8% | 5.3% |
| Gross Margin | 46.6% | 49.2% | 74.0% | -2.6pp | -27.4pp |
| Net Margin | -26.6% | -39.6% | -59.8% | 13.1pp | 33.2pp |
| EPS (Diluted) | $-0.15 | $-0.21 | $-0.33 | 28.6% | 54.5% |
| Free Cash Flow | -$4M | -$17M | -$6M | 78.2% | 32.7% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $18M |
| R&D Expenses | $2M |
| Selling & Marketing | $12M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $31.0K |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $901.0K |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $901.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $778.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$252.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $176.0K |
| Net Receivables | $27M |
| Inventory | $5M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $30M |
| Goodwill | $19M |
| Intangible Assets | $19M |
| Long-Term Investments | $103.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $135M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $894.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $56M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $661.0K |
| Additional Paid-In Capital | $469M |
| Retained Earnings | -$443M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $4M |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $81M |
| Net Debt | $63M |
