| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $17M | $13M | 11.3% | 48.2% |
| Op. Income | -$9M | $4M | $2M | -322.0% | -479.8% |
| Gross Margin | 33.9% | 37.5% | 29.2% | -3.6pp | 4.7pp |
| Net Margin | -47.3% | 8.5% | 15.4% | -55.8pp | -62.8pp |
| EPS (Diluted) | $-0.23 | $0.04 | $0.05 | -719.4% | -554.3% |
| Free Cash Flow | -$85M | -$53M | $403.3K | -59.5% | -21100.1% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $769.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $445.9K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $6M |
| EBIT | -$8M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$206.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $93M |
| NET CASH FROM FINANCING | $93M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $288M |
| Goodwill | $20M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $108.4K |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $336M |
| TOTAL ASSETS | $386M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $28.0K |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $392.7K |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $314M |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | $0 |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $43M |
| Net Debt | $27M |
