| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $3M | — | -24.3% |
| Op. Income | -$7M | — | -$1M | — | -472.0% |
| Gross Margin | -34.5% | — | 31.9% | — | -66.5pp |
| Net Margin | -248.1% | — | -22.3% | — | -225.9pp |
| EPS (Diluted) | $-0.15 | — | $-0.02 | — | -614.8% |
| Free Cash Flow | $2M | — | -$8M | — | 124.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$782.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$7M |
| Interest Income | $62.1K |
| Interest Expense | $676.9K |
| Other Income/Expenses | $318.4K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$651.3K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$379.7K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.5K |
| Other Financing Activities | -$179.6K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $522.8K |
| Net Receivables | $3M |
| Inventory | $9M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $34M |
| Goodwill | $2M |
| Intangible Assets | $31M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $97M |
| Account Payables | $6M |
| Short-Term Debt | $8M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $706.1K |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $41M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $2M |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $97M |
| Total Debt | $58M |
| Net Debt | $46M |
