| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $6M | $16M | 212.9% | 18.4% |
| Op. Income | -$7M | -$9M | -$11M | 23.6% | 37.7% |
| Gross Margin | 8.8% | 20.6% | 13.1% | -11.8pp | -4.3pp |
| Net Margin | -40.8% | -173.3% | -62.2% | 132.5pp | 21.4pp |
| EPS (Diluted) | $-0.91 | $-1.26 | $-1.23 | 27.8% | 26.0% |
| Free Cash Flow | $5M | -$5M | -$26M | 197.7% | 117.8% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $707.0K |
| General & Administrative | $6M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $500.0K |
| Other Income/Expenses | -$411.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $564.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $976.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$70.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$548.0K |
| NET CASH FROM FINANCING | -$618.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $31M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $80M |
| Account Payables | $5M |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $889.0K |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $239M |
| Retained Earnings | -$221M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $42M |
| Net Debt | $33M |
