| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $8M | $16M | 44.8% | -30.8% |
| Op. Income | -$3M | -$5M | -$4M | 35.7% | 25.0% |
| Gross Margin | 39.5% | 20.7% | 36.2% | 18.8pp | 3.3pp |
| Net Margin | -55.1% | -116.2% | -42.6% | 61.1pp | -12.4pp |
| EPS (Diluted) | $-0.32 | $-0.48 | $-0.71 | 33.3% | 54.9% |
| Free Cash Flow | -$2M | -$3M | -$4M | 43.4% | 60.0% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $4M |
| R&D Expenses | $646.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $297.7K |
| 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 | $665.3K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $665.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$37.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$804.7K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $20M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $56M |
| Long-Term Investments | $3M |
| Tax Assets | $4M |
| Other Non-Current Assets | $28.0K |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $100M |
| Account Payables | $26M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $149M |
| Common Stock | $4M |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$94M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $906.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$50M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$50M |
| TOTAL LIABILITIES & EQUITY | $100M |
| Total Debt | $113M |
| Net Debt | $111M |
