| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $346.0K | — | $285.4K | — | 21.2% |
| Op. Income | -$1M | — | -$1M | — | -20.6% |
| Gross Margin | 37.5% | — | 67.9% | — | -30.4pp |
| Net Margin | -502.2% | — | -324.8% | — | -177.4pp |
| EPS (Diluted) | $-0.05 | — | $-2.40 | — | 97.8% |
| Free Cash Flow | -$2M | — | -$641.9K | — | -251.6% |
| Item | Amount |
|---|---|
| REVENUE | $346.0K |
| Cost of Revenue | $216.4K |
| GROSS PROFIT | $129.6K |
| R&D Expenses | $140.3K |
| Selling & Marketing | $99.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$11.1K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$463.8K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $716 |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $25.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $253.1K |
| Change in Working Capital | -$797.3K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $3M |
| Net Receivables | $210.5K |
| Inventory | $0 |
| Other Current Assets | $82.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $101.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.3K |
| TOTAL NON-CURRENT ASSETS | $112.0K |
| TOTAL ASSETS | $6M |
| Account Payables | $33.8K |
| Short-Term Debt | $401.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.2K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $58.3K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $636.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $502.1K |
| Net Debt | -$1M |
