| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $10M | $18M | -18.4% | -56.7% |
| Op. Income | -$6M | -$4M | -$3M | -46.2% | -122.3% |
| Gross Margin | 0.6% | 4.6% | 13.4% | -4.1pp | -12.9pp |
| Net Margin | -79.9% | -42.4% | -16.5% | -37.5pp | -63.4pp |
| EPS (Diluted) | $-10.64 | $-7.75 | $-6.00 | -37.3% | -77.3% |
| Free Cash Flow | $364.6K | $2M | -$2M | -83.0% | 115.3% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $44.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $195.5K |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$6M |
| Interest Income | $201 |
| Interest Expense | -$260.6K |
| Other Income/Expenses | -$248.2K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| 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 | $147.6K |
| EBIT | $0 |
| EBITDA | -$6M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $193.7K |
| Stock-Based Compensation | $534.5K |
| Deferred Income Tax | -$14.6K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $413.9K |
| Capital Expenditure | -$49.4K |
| Acquisitions (Net) | -$77.6K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $123.1K |
| NET CASH FROM INVESTING | -$3.9K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$385.8K |
| NET CASH FROM FINANCING | -$385.8K |
| FREE CASH FLOW | $364.6K |
| Net Change in Cash | $24.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $721.2K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $1M |
| Goodwill | $1M |
| Intangible Assets | $98.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $10M |
| Account Payables | $19M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $545.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $545.5K |
| TOTAL LIABILITIES | $44M |
| Common Stock | $588 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $79M |
| TOTAL STOCKHOLDERS' EQUITY | -$34M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$34M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $5M |
| Net Debt | $4M |
