| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $166M | $146M | 2.5% | 16.5% |
| Op. Income | -$11M | -$834.0K | -$39M | -1217.0% | 72.0% |
| Gross Margin | 74.3% | 76.6% | 73.1% | -2.4pp | 1.2pp |
| Net Margin | -0.2% | -0.7% | -29.8% | 0.5pp | 29.6pp |
| EPS (Diluted) | $-0.00 | $-0.02 | $-0.60 | 73.6% | 99.3% |
| Free Cash Flow | -$3M | $44M | -$18M | -107.0% | 83.2% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $127M |
| R&D Expenses | $40M |
| Selling & Marketing | $60M |
| General & Administrative | $37M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $138M |
| Cost & Expenses | $182M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$312.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$312.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$312.0K |
| D&A | $3M |
| EBIT | $7M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$312.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$526.0K |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$956.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $73M |
| Net Receivables | $151M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $412M |
| PP&E (Net) | $66M |
| Goodwill | $29M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $179M |
| TOTAL ASSETS | $591M |
| Account Payables | $9M |
| Short-Term Debt | $10M |
| Deferred Revenue | $265M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $347M |
| Long-Term Debt | $236M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $493.0K |
| TOTAL NON-CURRENT LIABILITIES | $297M |
| TOTAL LIABILITIES | $644M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $605M |
| Retained Earnings | -$614M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$54M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$54M |
| TOTAL LIABILITIES & EQUITY | $591M |
| Total Debt | $308M |
| Net Debt | $196M |
