| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $15M | 8.9% | -23.6% |
| Op. Income | -$7M | -$8M | -$11M | 10.2% | 37.4% |
| Gross Margin | -23.0% | -27.8% | -22.8% | 4.8pp | -0.2pp |
| Net Margin | -61.5% | -72.2% | -85.3% | 10.7pp | 23.8pp |
| EPS (Diluted) | $-0.36 | $-0.38 | $-0.66 | 5.3% | 45.5% |
| Free Cash Flow | -$6M | -$7M | -$4M | 12.4% | -48.2% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $14.1K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $229.8K |
| Operating Expenses | $4M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$7M |
| Interest Income | $7.0K |
| Interest Expense | $279.3K |
| Other Income/Expenses | -$272.3K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $292.4K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $292.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $221.8K |
| Change in Working Capital | $449.5K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$595.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$993.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $898.4K |
| Goodwill | $3M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $176.9K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $15M |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $20.4K |
| Additional Paid-In Capital | $77M |
| Retained Earnings | -$76M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116.1K |
| Minority Interest | -$54.7K |
| TOTAL EQUITY | $61.4K |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $10M |
| Net Debt | $6M |
