| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $52M | $94M | 37.2% | -24.6% |
| Op. Income | -$5M | -$18M | $2M | 74.3% | -291.9% |
| Gross Margin | 50.1% | 44.1% | 49.7% | 6.0pp | 0.4pp |
| Net Margin | -6.6% | -64.8% | 6.1% | 58.2pp | -12.7pp |
| EPS (Diluted) | $-0.17 | $-1.20 | $0.19 | 85.8% | -189.5% |
| Free Cash Flow | -$6M | -$20M | -$1M | 69.0% | -342.2% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | -$353.0K |
| Operating Expenses | $40M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $134.0K |
| Other Income/Expenses | -$134.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$17.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $37.0K |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $7M |
| EBIT | -$5M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | -$783.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $63.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$742.0K |
| Acquisitions (Net) | $134.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$608.0K |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $97M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $140M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $126M |
| TOTAL ASSETS | $266M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47.0K |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $0 |
| Additional Paid-In Capital | $115M |
| Retained Earnings | $182M |
| Treasury Stock | -$157M |
| Accum. Other Comp. Income | -$127.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $266M |
| Total Debt | $86M |
| Net Debt | $71M |
