Financial Overview
- Revenue: $7.895 million - up 12.83% QoQ and 7.61% YoY
- Gross Profit: $5.548 million with a gross margin of 70.27%, reflecting an increase of 73.21% YoY despite a QoQ raise of 9.64%.
- Operating Income: Loss of $8.160 million, showing a decrease of 28.35% YoY due to increased operational expenses.
- Net Income: A net loss of $7.194 million, improving by 67.89% YoY but decreasing by 7.42% QoQ.
- EPS: Diluted EPS at -$0.007, a 69.43% improvement YoY but a 2.94% decline QoQ.
Balance Sheet and Cash Flow
- Cash at End of Period: $7.021 million, down from $9.747 million at the beginning of the quarter.
- Free Cash Flow: -$6.602 million, signaling ongoing investments without immediate returns.
- Current Ratio: 8.76, indicating strong liquidity, far exceeding industry averages.
- Total Assets: $207.36 million with total liabilities of $11.696 million leads to a healthy equity position.