| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $57M | $44M | 9.0% | 43.1% |
| Op. Income | $14M | $14M | -$9M | 4.3% | 261.5% |
| Gross Margin | 84.1% | 86.7% | 81.0% | -2.6pp | 3.1pp |
| Net Margin | 0.4% | 10.7% | -19.7% | -10.3pp | 20.1pp |
| EPS (Diluted) | $0.00 | $0.03 | $-0.04 | -96.4% | 102.3% |
| Free Cash Flow | $22M | -$14M | -$10M | 263.3% | 320.1% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $53M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $896.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $247.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $247.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247.0K |
| D&A | $316.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $53M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $896.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $247.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $247.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247.0K |
| D&A | $316.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $247.0K |
| Depreciation & Amortization | $316.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $17M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $235M |
| PP&E (Net) | $8M |
| Goodwill | $59M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $346M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $150M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $316M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $346M |
| Total Debt | $53M |
| Net Debt | -$84M |
