| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $123M | $132M | 2.3% | -4.4% |
| Op. Income | $2M | -$13M | -$47M | 117.1% | 104.7% |
| Gross Margin | 70.2% | 72.9% | 64.4% | -2.7pp | 5.8pp |
| Net Margin | -15.6% | -33.5% | -31.8% | 17.9pp | 16.2pp |
| EPS (Diluted) | $-0.03 | $-0.07 | $-0.07 | 54.1% | 55.3% |
| Free Cash Flow | -$19M | -$18M | -$59M | -4.4% | 68.1% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $89M |
| R&D Expenses | $27M |
| Selling & Marketing | $21M |
| General & Administrative | $33M |
| SG&A Expenses | $54M |
| Other Expenses | $5M |
| Operating Expenses | $86M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $2M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | -$23M |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $13M |
| EBIT | $3M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3.5K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $40M |
| Net Receivables | $175M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $438M |
| PP&E (Net) | $49M |
| Goodwill | $563M |
| Intangible Assets | $136M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $861M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $7M |
| Short-Term Debt | $17M |
| Deferred Revenue | $161M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $262M |
| TOTAL LIABILITIES | $567M |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $732M |
| Minority Interest | $0 |
| TOTAL EQUITY | $732M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $250M |
| Net Debt | $79M |
