| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $116M | $123M | 8.5% | 2.5% |
| Op. Income | -$6M | -$11M | -$11M | 46.2% | 48.7% |
| Gross Margin | 60.4% | 63.0% | 61.5% | -2.7pp | -1.1pp |
| Net Margin | -4.2% | -8.6% | -8.4% | 4.5pp | 4.2pp |
| EPS (Diluted) | $-0.03 | $-0.06 | $-0.06 | 47.4% | 48.5% |
| Free Cash Flow | $966.0K | -$251.0K | $864.0K | 484.9% | 11.8% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $76M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $63M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $132M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $687.0K |
| Other Income/Expenses | $433.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$5M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$58.0K |
| Common Stock Repurchased | -$898.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $966.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $88M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $302M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $178M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $497M |
| Retained Earnings | -$362M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $302M |
| Total Debt | $85M |
| Net Debt | -$30M |
