| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 8.0% | -9.9% |
| Op. Income | -$2M | -$2M | -$1M | -5.9% | -46.2% |
| Gross Margin | 91.3% | 93.2% | 92.8% | -1.9pp | -1.5pp |
| Net Margin | -45.4% | -44.3% | -25.2% | -1.1pp | -20.2pp |
| EPS (Diluted) | $-0.08 | $-0.08 | $-0.05 | -10.4% | -60.7% |
| Free Cash Flow | -$1M | -$3M | -$713.0K | 61.4% | -61.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $339.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$2M |
| Interest Income | $218.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $218.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $26.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $143.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $143.0K |
| Stock-Based Compensation | $382.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$115.0K |
| Change in Working Capital | $208.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $32.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$62.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.0K |
| NET CASH FROM FINANCING | -$35.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $16M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $4M |
| Goodwill | $3M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $38M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $313.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $101M |
| Retained Earnings | -$73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $298.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $38M |
| Total Debt | $4M |
| Net Debt | -$3M |
