| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $31M | $35M | 1.3% | -8.3% |
| Op. Income | -$2M | -$2M | -$8M | 12.0% | 74.2% |
| Gross Margin | 25.0% | 25.5% | 21.2% | -0.5pp | 3.8pp |
| Net Margin | -17.7% | -17.5% | -33.8% | -0.2pp | 16.1pp |
| EPS (Diluted) | $-4.80 | $-4.69 | $-0.87 | -2.3% | -451.7% |
| Free Cash Flow | $2M | -$6M | -$12M | 127.0% | 114.6% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $692.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $6.0K |
| 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 | -$2M |
| EBITDA | -$1M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $382.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$174.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $40M |
| Account Payables | $3M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $42M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $169M |
| Retained Earnings | -$210M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$41M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$41M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $53M |
| Net Debt | $48M |
