| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $135M | — | 7.4% | — |
| Op. Income | -$28M | -$40M | — | 30.3% | — |
| Gross Margin | 70.2% | 67.1% | — | 3.0pp | — |
| Net Margin | -15.8% | -26.3% | — | 10.5pp | — |
| EPS (Diluted) | $-0.23 | $-0.35 | — | 34.3% | — |
| Free Cash Flow | $7M | $11M | — | -36.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $102M |
| R&D Expenses | $33M |
| Selling & Marketing | $69M |
| General & Administrative | $28M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $173M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $702.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $3M |
| EBIT | -$28M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $945.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $425M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $606M |
| PP&E (Net) | $116M |
| Goodwill | $28M |
| Intangible Assets | $3M |
| Long-Term Investments | $530.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $219M |
| TOTAL ASSETS | $826M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $212M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $298M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $372M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $996M |
| Retained Earnings | -$542M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$253.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $454M |
| Minority Interest | -$24.0K |
| TOTAL EQUITY | $454M |
| TOTAL LIABILITIES & EQUITY | $826M |
| Total Debt | $88M |
| Net Debt | $9M |
