| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | $80M | $73M | 4.1% | 13.6% |
| Op. Income | -$27M | -$24M | -$27M | -12.0% | 0.2% |
| Gross Margin | 72.6% | 74.7% | 73.4% | -2.1pp | -0.8pp |
| Net Margin | -29.6% | -27.8% | -31.9% | -1.8pp | 2.3pp |
| EPS (Diluted) | $-0.19 | $-0.17 | $-0.19 | -11.8% | 0.0% |
| Free Cash Flow | $18M | -$9M | $7M | 296.9% | 165.6% |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $60M |
| R&D Expenses | $24M |
| Selling & Marketing | $47M |
| General & Administrative | $17M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $554.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$27M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $88M |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $22M |
| Goodwill | $24M |
| Intangible Assets | $4M |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $457M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $137M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $171M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $177M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $784M |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $346.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $280M |
| Minority Interest | $0 |
| TOTAL EQUITY | $280M |
| TOTAL LIABILITIES & EQUITY | $457M |
| Total Debt | $5M |
| Net Debt | -$115M |
