| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $302M | $349M | 23.7% | 6.8% |
| Op. Income | -$1M | -$12M | -$3M | 88.8% | 50.0% |
| Gross Margin | 48.4% | 48.1% | 46.6% | 0.3pp | 1.8pp |
| Net Margin | -1.3% | -3.1% | -1.3% | 1.7pp | -0.0pp |
| EPS (Diluted) | $-0.09 | $-0.16 | $-0.07 | 44.4% | -17.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $137M |
| General & Administrative | $33M |
| SG&A Expenses | $170M |
| Other Expenses | $12M |
| Operating Expenses | $182M |
| Cost & Expenses | $374M |
| OPERATING INCOME | -$1M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $333.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $0 |
| EBIT | $215.4K |
| EBITDA | $215.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $201M |
| Net Receivables | $347M |
| Inventory | $140M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $968M |
| PP&E (Net) | $214M |
| Goodwill | $53M |
| Intangible Assets | $49M |
| Long-Term Investments | $73M |
| Tax Assets | $34M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $438M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $51M |
| Short-Term Debt | $233M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $491M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $578M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $679M |
| Retained Earnings | -$115M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $274M |
| TOTAL EQUITY | $828M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $346M |
| Net Debt | $173M |
