| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $20M | — | 41.8% |
| Op. Income | $477.7K | — | $630.6K | — | -24.2% |
| Gross Margin | 34.0% | — | 28.6% | — | 5.4pp |
| Net Margin | -2.1% | — | -1.0% | — | -1.1pp |
| EPS (Diluted) | $-0.02 | — | $-0.01 | — | -174.6% |
| Free Cash Flow | -$2M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $9M |
| Operating Expenses | $9M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $477.7K |
| Interest Income | $0 |
| Interest Expense | $291.1K |
| Other Income/Expenses | -$115.2K |
| INCOME BEFORE TAX | $362.6K |
| Income Tax Expense | $284.7K |
| Net Income from Continuing Ops | $77.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$607.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$607.9K |
| D&A | $118.8K |
| EBIT | $653.7K |
| EBITDA | $772.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$607.9K |
| Depreciation & Amortization | $118.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1.3K |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13.5K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $574.8K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $260.4K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $112.1K |
| Goodwill | $507.2K |
| Intangible Assets | $731.6K |
| Long-Term Investments | $327.4K |
| Tax Assets | $0 |
| Other Non-Current Assets | $209.7K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $6M |
| Account Payables | $2M |
| Short-Term Debt | $759.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$50.5K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $188.1K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $224.9K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $484 |
| Additional Paid-In Capital | $5M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $415.3K |
| Minority Interest | $613.8K |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $845.7K |
| Net Debt | $270.9K |
