| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $19M | $16M | 9.1% | 25.5% |
| Op. Income | -$9M | -$10M | -$12M | 13.3% | 21.5% |
| Gross Margin | 69.8% | 67.6% | 68.8% | 2.3pp | 1.0pp |
| Net Margin | -49.1% | -60.8% | -78.3% | 11.7pp | 29.2pp |
| EPS (Diluted) | $-0.22 | $-0.25 | $-0.51 | 12.0% | 56.9% |
| Free Cash Flow | -$8M | -$10M | -$11M | 17.8% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $14M |
| R&D Expenses | $2M |
| Selling & Marketing | $17M |
| General & Administrative | $4M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$809.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $33.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $270.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $270.0K |
| Stock-Based Compensation | $985.0K |
| Deferred Income Tax | $33.0K |
| Other Non-Cash Items | $363.0K |
| Change in Working Capital | $367.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$114.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $318.0K |
| NET CASH FROM INVESTING | $204.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $11M |
| Other Current Assets | -$1M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $1M |
| Tax Assets | $64.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $68M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $389M |
| Retained Earnings | -$380M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $93.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $42M |
| Net Debt | $7M |
