| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $102M | $107M | 14.4% | 8.3% |
| Op. Income | $5M | -$2M | -$4M | 319.0% | 218.7% |
| Gross Margin | 36.1% | 33.9% | 33.5% | 2.1pp | 2.6pp |
| Net Margin | 2.2% | -3.9% | -9.0% | 6.1pp | 11.2pp |
| EPS (Diluted) | $0.02 | $-0.04 | $-0.10 | 162.0% | 124.9% |
| Free Cash Flow | $927.0K | -$8M | -$6M | 111.0% | 114.6% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $42M |
| R&D Expenses | $14M |
| Selling & Marketing | $11M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $5M |
| Interest Income | $278.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $695.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $42M |
| R&D Expenses | $14M |
| Selling & Marketing | $11M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $5M |
| Interest Income | $278.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $695.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $166.0K |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$874.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$696.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$90.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $927.0K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $149M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $326M |
| PP&E (Net) | $59M |
| Goodwill | $58M |
| Intangible Assets | $37.0K |
| Long-Term Investments | $13M |
| Tax Assets | $662.0K |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $152M |
| TOTAL ASSETS | $478M |
| Account Payables | $54M |
| Short-Term Debt | $8M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $168M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $229M |
| TOTAL LIABILITIES | $430M |
| Common Stock | $103.0K |
| Additional Paid-In Capital | $572M |
| Retained Earnings | -$519M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $478M |
| Total Debt | $213M |
| Net Debt | $151M |
