| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $244M | $242M | 8.3% | 9.3% |
| Op. Income | $32M | $19M | $30M | 67.8% | 6.4% |
| Gross Margin | 92.2% | 91.7% | 92.5% | 0.5pp | -0.3pp |
| Net Margin | 10.1% | 7.8% | 13.8% | 2.3pp | -3.7pp |
| EPS (Diluted) | $0.16 | $0.11 | $0.20 | 45.5% | -20.0% |
| Free Cash Flow | $162M | -$79M | $25M | 307.0% | 549.7% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $244M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $211M |
| Cost & Expenses | $232M |
| OPERATING INCOME | $32M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $244M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $211M |
| Cost & Expenses | $232M |
| OPERATING INCOME | $32M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | $99M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | -$99M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $508M |
| Net Receivables | $120M |
| Inventory | $26M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $961M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $114M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $265M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $20M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $269M |
| TOTAL CURRENT LIABILITIES | $330M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $403M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $406.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $822M |
| Minority Interest | $0 |
| TOTAL EQUITY | $822M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $56M |
| Net Debt | -$197M |
