| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $36M | $41M | 28.8% | 12.8% |
| Op. Income | -$3M | -$14M | -$6M | 74.8% | 38.0% |
| Gross Margin | 39.7% | 34.8% | 47.1% | 4.9pp | -7.5pp |
| Net Margin | -23.3% | -35.2% | -18.2% | 11.9pp | -5.1pp |
| EPS (Diluted) | $-0.28 | $-0.33 | $-0.20 | 13.3% | -40.4% |
| Free Cash Flow | -$11M | -$2M | -$16M | -385.5% | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $18M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $11M |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $22M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $333.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $4M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $117.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$446.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $36M |
| Goodwill | $43M |
| Intangible Assets | $12M |
| Long-Term Investments | $800.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $125M |
| TOTAL ASSETS | $210M |
| Account Payables | $9M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $733M |
| Retained Earnings | -$645M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $3M |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $210M |
| Total Debt | $83M |
| Net Debt | $53M |
