| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $41M | $43M | 52.6% | 44.6% |
| Op. Income | -$6M | -$19M | -$10M | 67.1% | 38.8% |
| Gross Margin | 36.2% | 37.3% | 40.3% | -1.1pp | -4.1pp |
| Net Margin | -13.0% | -51.2% | -26.7% | 38.2pp | 13.6pp |
| EPS (Diluted) | $-0.51 | $-1.31 | $-0.71 | 60.9% | 27.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $23M |
| R&D Expenses | $12M |
| Selling & Marketing | $13M |
| General & Administrative | $5M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$6M |
| Interest Income | $309.9K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $254.2K |
| 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 | $746.9K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $746.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $1M |
| Net Receivables | $78M |
| Inventory | $84M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $10M |
| Goodwill | $10M |
| Intangible Assets | $15M |
| Long-Term Investments | $231M |
| Tax Assets | $18M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $289M |
| TOTAL ASSETS | $575M |
| Account Payables | $91M |
| Short-Term Debt | $127M |
| Deferred Revenue | $261.7K |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $142.4K |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $339M |
| Common Stock | $27.2K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | $1M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $236M |
| Minority Interest | $0 |
| TOTAL EQUITY | $236M |
| TOTAL LIABILITIES & EQUITY | $575M |
| Total Debt | $203M |
| Net Debt | $103M |
