| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $12M | $16M | 25.5% | -5.7% |
| Op. Income | -$3M | -$977.0K | -$4M | -162.6% | 27.5% |
| Gross Margin | 19.1% | 24.5% | 20.2% | -5.4pp | -1.1pp |
| Net Margin | -16.3% | -6.4% | -16.8% | -9.9pp | 0.5pp |
| EPS (Diluted) | $-4.38 | $-3.98 | $-0.58 | -10.1% | -655.2% |
| Free Cash Flow | -$3M | -$3M | -$278.8K | -7.3% | -959.0% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $3M |
| R&D Expenses | $73.0K |
| Selling & Marketing | $945.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $375.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $106.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$48.0K |
| 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 | $195.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $195.0K |
| Stock-Based Compensation | $172.0K |
| Deferred Income Tax | -$48.0K |
| Other Non-Cash Items | $237.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$65.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $420.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $2M |
| Goodwill | $5M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $165.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $23M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $876.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $0 |
| Additional Paid-In Capital | $165M |
| Retained Earnings | -$161M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $251.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $8M |
| Net Debt | $6M |
