| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $193M | $257M | 1.0% | -24.2% |
| Op. Income | $29M | $29M | $53M | -0.7% | -45.2% |
| Gross Margin | 44.9% | 46.1% | 43.8% | -1.2pp | 1.1pp |
| Net Margin | 16.1% | 14.8% | 19.8% | 1.3pp | -3.7pp |
| EPS (Diluted) | $0.98 | $0.88 | $1.55 | 11.4% | -36.8% |
| Free Cash Flow | $38M | $35M | $38M | 8.3% | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $87M |
| R&D Expenses | $27M |
| Selling & Marketing | $15M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $29M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $36M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $87M |
| R&D Expenses | $27M |
| Selling & Marketing | $15M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $29M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $36M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$327.0K |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $376M |
| Net Receivables | $139M |
| Inventory | $311M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $31M |
| Tax Assets | $72M |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $90M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $301M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $487M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$479.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $43M |
| Net Debt | -$131M |
