| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $640.9K | $842.4K | 784.6% | 573.0% |
| Op. Income | -$14M | -$13M | -$21M | -12.7% | 29.5% |
| Gross Margin | -130.2% | -705.8% | -766.7% | 575.6pp | 636.5pp |
| Net Margin | -260.7% | -3221.0% | -3124.3% | 2960.3pp | 2863.5pp |
| EPS (Diluted) | $-1.67 | $-4.68 | $-17.45 | 64.2% | 90.4% |
| Free Cash Flow | -$6M | -$8M | -$13M | 28.3% | 54.4% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$7M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $7M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $582.2K |
| Other Income/Expenses | -$308.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $2M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $17.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17.9K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16.3K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $33M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $416.3K |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $99M |
| Account Payables | $11M |
| Short-Term Debt | $40M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $10.6K |
| Additional Paid-In Capital | $911M |
| Retained Earnings | -$889M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $45M |
| Net Debt | $42M |
