| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $104M | $75M | 7.3% | 48.1% |
| Op. Income | $4M | -$2M | -$18M | 308.1% | 123.3% |
| Gross Margin | 56.0% | 54.2% | 52.6% | 1.8pp | 3.5pp |
| Net Margin | -3.8% | -9.8% | -29.6% | 6.0pp | 25.7pp |
| EPS (Diluted) | $-0.03 | $-0.08 | $-0.21 | 58.2% | 84.7% |
| Free Cash Flow | -$7M | -$7M | -$16M | 7.5% | 57.6% |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $63M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $4M |
| Interest Income | $262.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $16M |
| EBIT | $4M |
| EBITDA | $20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $45.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $22M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $75M |
| Goodwill | $401M |
| Intangible Assets | $263M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $769M |
| TOTAL ASSETS | $937M |
| Account Payables | $50M |
| Short-Term Debt | $43M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $232M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $312M |
| TOTAL LIABILITIES | $468M |
| Common Stock | $1M |
| Additional Paid-In Capital | $676M |
| Retained Earnings | -$220M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $150.0K |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $937M |
| Total Debt | $288M |
| Net Debt | $260M |
