| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $24M | $28M | 5.9% | -9.7% |
| Op. Income | -$4M | -$4M | -$35.0K | -2.3% | -12705.7% |
| Gross Margin | 86.2% | 85.6% | 89.7% | 0.6pp | -3.5pp |
| Net Margin | -14.4% | -13.7% | -1.0% | -0.7pp | -13.4pp |
| EPS (Diluted) | $-0.15 | $-0.14 | $-0.01 | -7.1% | -1119.5% |
| Free Cash Flow | $492.0K | -$8M | $2M | 106.4% | -72.2% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $22M |
| R&D Expenses | $19M |
| Selling & Marketing | $3M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $150.0K |
| Operating Expenses | $27M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$4M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$498.0K |
| Other Non-Cash Items | -$616.0K |
| Change in Working Capital | -$7.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$691.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $492.0K |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $128M |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $11M |
| Goodwill | $58M |
| Intangible Assets | $1M |
| Long-Term Investments | $50.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $303M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $268M |
| Retained Earnings | $4M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $344.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $266M |
| Minority Interest | $0 |
| TOTAL EQUITY | $266M |
| TOTAL LIABILITIES & EQUITY | $303M |
| Total Debt | $4M |
| Net Debt | -$25M |
