| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $8M | 10.4% | -0.6% |
| Op. Income | -$6M | -$5M | -$4M | -17.6% | -79.3% |
| Gross Margin | 42.6% | 47.4% | 40.4% | -4.9pp | 2.1pp |
| Net Margin | -81.8% | -86.3% | -63.3% | 4.5pp | -18.6pp |
| EPS (Diluted) | $-0.27 | $-0.26 | $-27.26 | -3.8% | 99.0% |
| Free Cash Flow | -$7M | -$5M | -$281.0K | -49.6% | -2370.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $301.0K |
| Other Income/Expenses | $238.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $2.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$267.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$15.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15.0K |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $261.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $3M |
| Other Current Assets | $872.0K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $33.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83.0K |
| TOTAL NON-CURRENT ASSETS | $116.0K |
| TOTAL ASSETS | $12M |
| Account Payables | $5M |
| Short-Term Debt | $7M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $305.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $0 |
| Additional Paid-In Capital | $280M |
| Retained Earnings | -$302M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $198.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$22M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$22M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $18M |
| Net Debt | $17M |
