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ModuLink (MDLK) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 13, 2025

ModuLink (MDLK) reported revenue of $339K for the second quarter 2025 (Q2 2025) and -21% from the quarter before. Operating margin was -80.2%, net loss $272K (80.4% of revenue).

Revenue$339K
Year over year—
Quarter over quarter-21%
Operating margin-80.2%
Net earnings−$272K

ModuLink, Q2 2025: revenue $339K, operating margin -80.2%, net loss $272K, operating cash flow −$229K. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$339K-21%—
Operating profit−$272K——
Net earnings−$272K——
Operating cash flow−$229K——

What changed

Revenue was $339K in Q2 2025, down 21% from the previous quarter. Design and Build Services was the largest line at 74% of revenue.

Gross margin was 12.3%. Operating costs exceeded revenue by $272K, an operating margin of -80.2%. The quarter ended with a net loss of $272K, wider than the previous quarter's $207K loss.

Operating cash flow was −$229K. Non-cash charges added back $2K of depreciation and amortization. Working capital and other items added $40K. Capital expenditures of $3K exceeded it, leaving free cash flow of −$232K.

Questions

What was ModuLink's revenue in the second quarter 2025?

ModuLink (MDLK) reported revenue of $339K for the second quarter 2025 (Q2 2025) and -21% from the quarter before.

Was ModuLink profitable in the second quarter 2025?

Operating loss was $272K (-80.2% of revenue) and net loss $272K.

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Source: ModuLink 10-Q on SEC EDGAR.