| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $17M | $15M | -0.2% | 13.2% |
| Op. Income | -$8M | -$8M | -$7M | -7.0% | -10.8% |
| Gross Margin | 89.4% | 90.8% | 90.0% | -1.3pp | -0.6pp |
| Net Margin | -55.3% | -49.1% | -57.2% | -6.2pp | 1.9pp |
| EPS (Diluted) | $-0.22 | $-0.20 | $-0.22 | -10.0% | 0.0% |
| Free Cash Flow | -$3M | $3M | $264.0K | -206.1% | -1175.8% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $15M |
| R&D Expenses | $12M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $42.0K |
| Other Income/Expenses | -$36.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $846.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $845.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $845.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $588.0K |
| Change in Working Capital | $716.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$355.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $705.0K |
| Net Debt Issuance | -$331.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $535.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$272.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $22M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $9M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $107M |
| Account Payables | $856.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $563.0K |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $114M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $146M |
| Retained Earnings | -$154M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8M |
| TOTAL LIABILITIES & EQUITY | $107M |
| Total Debt | $7M |
| Net Debt | -$9M |
