| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $6M | -2.5% | 14.9% |
| Op. Income | $914.4K | $1M | $1M | -33.2% | -19.2% |
| Gross Margin | 69.0% | 72.6% | 90.9% | -3.6pp | -22.0pp |
| Net Margin | 2.5% | 17.7% | 19.8% | -15.1pp | -17.3pp |
| EPS (Diluted) | $0.02 | $0.11 | $0.11 | -85.8% | -85.8% |
| Free Cash Flow | $3M | -$362.7K | -$4M | 968.0% | 180.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $608.1K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $914.4K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$748.1K |
| INCOME BEFORE TAX | $166.3K |
| Income Tax Expense | -$9.0K |
| Net Income from Continuing Ops | $175.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175.3K |
| D&A | $555.7K |
| EBIT | $914.4K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $608.1K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $914.4K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$748.1K |
| INCOME BEFORE TAX | $166.3K |
| Income Tax Expense | -$9.0K |
| Net Income from Continuing Ops | $175.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175.3K |
| D&A | $555.7K |
| EBIT | $914.4K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $175.3K |
| Depreciation & Amortization | $555.7K |
| Stock-Based Compensation | $183.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15.3K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$63.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$63.4K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $13M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $164.2K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $67M |
| Account Payables | $1M |
| Short-Term Debt | $227.8K |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $8M |
| Net Debt | -$13M |
