| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | — | $20M | — | -28.8% |
| Op. Income | -$261.0K | — | -$18M | — | 98.6% |
| Gross Margin | 5.6% | — | 4.3% | — | 1.2pp |
| Net Margin | 9.4% | — | -92.0% | — | 101.4pp |
| EPS (Diluted) | $16.36 | — | $-5468.30 | — | 100.3% |
| Free Cash Flow | $552.9K | — | -$1M | — | 145.4% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $800.0K |
| R&D Expenses | $357.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $703.3K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$261.0K |
| Interest Income | $0 |
| Interest Expense | $242.3K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $508.4K |
| EBIT | -$261.0K |
| EBITDA | $247.4K |
| EPS | $16 |
| EPS Diluted | $16 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $508.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $868.4K |
| OPERATING CASH FLOW | $559.3K |
| Capital Expenditure | -$6.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.4K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$168.9K |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | $552.9K |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $27.6K |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $76.9K |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $88M |
| Account Payables | $27M |
| Short-Term Debt | $11M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $833.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $981.2K |
| TOTAL LIABILITIES | $58M |
| Common Stock | $105.1K |
| Additional Paid-In Capital | $156M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $521.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | -$758.6K |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $12M |
| Net Debt | -$31M |
