| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $52M | $43M | 12.3% | 36.3% |
| Op. Income | -$25M | -$30M | -$47M | 15.4% | 47.1% |
| Gross Margin | 69.4% | 67.6% | 55.3% | 1.8pp | 14.2pp |
| Net Margin | -43.5% | -56.9% | -107.0% | 13.4pp | 63.5pp |
| EPS (Diluted) | $-0.17 | $-0.20 | $-0.31 | 15.0% | 45.2% |
| Free Cash Flow | -$13M | -$30M | -$19M | 56.0% | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $41M |
| R&D Expenses | $24M |
| Selling & Marketing | $24M |
| General & Administrative | $18M |
| SG&A Expenses | $41M |
| Other Expenses | $423.0K |
| Operating Expenses | $66M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$25M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$557.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $5M |
| EBIT | -$23M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $607.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$655.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $155M |
| Net Receivables | $44M |
| Inventory | $8M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $262M |
| PP&E (Net) | $84M |
| Goodwill | $119M |
| Intangible Assets | $3M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $235M |
| TOTAL ASSETS | $497M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $225M |
| TOTAL LIABILITIES | $317M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $73.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $180M |
| Minority Interest | -$181.0K |
| TOTAL EQUITY | $180M |
| TOTAL LIABILITIES & EQUITY | $497M |
| Total Debt | $84M |
| Net Debt | $41M |
