| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $6M | -7.5% | -66.5% |
| Op. Income | -$6M | -$3M | -$2M | -102.0% | -263.6% |
| Gross Margin | -39.9% | -31.9% | 6.2% | -8.0pp | -46.1pp |
| Net Margin | -298.7% | -141.9% | -32.6% | -156.9pp | -266.1pp |
| EPS (Diluted) | $-0.19 | $-0.10 | $-0.08 | -99.8% | -144.8% |
| Free Cash Flow | -$4M | -$7M | $239.0K | 45.3% | -1695.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$809.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $3M |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $47.0K |
| Other Income/Expenses | $181.0K |
| 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 | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$310.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $144.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$82.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22.0K |
| NET CASH FROM FINANCING | -$104.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $210.0K |
| Net Receivables | $747.0K |
| Inventory | $0 |
| Other Current Assets | $41.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $206.0K |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $51M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $846.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $342.0K |
| Additional Paid-In Capital | $235M |
| Retained Earnings | -$207M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $515.0K |
| Net Debt | -$6M |
