| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $83M | — | 2.1% | — |
| Op. Income | -$1M | -$2M | — | 39.1% | — |
| Gross Margin | 70.6% | 66.6% | — | 4.0pp | — |
| Net Margin | -2.3% | -6.2% | — | 3.9pp | — |
| EPS (Diluted) | $-0.03 | $-0.07 | — | 62.6% | — |
| Free Cash Flow | -$8M | $20M | — | -141.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $60M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $72.0K |
| Operating Expenses | $61M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$1M |
| Interest Income | $532.0K |
| Interest Expense | $29.0K |
| Other Income/Expenses | $589.0K |
| INCOME BEFORE TAX | -$801.0K |
| Income Tax Expense | $54.0K |
| Net Income from Continuing Ops | -$855.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4M |
| EBIT | -$772.0K |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $9.7K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $34.0K |
| Other Investing Activities | $331.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $23M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $62M |
| Goodwill | $126M |
| Intangible Assets | $113.0K |
| Long-Term Investments | $7.0K |
| Tax Assets | $3M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $210M |
| TOTAL ASSETS | $467M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $91M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $0 |
| Additional Paid-In Capital | $364M |
| Retained Earnings | -$152M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $197M |
| Minority Interest | $19M |
| TOTAL EQUITY | $216M |
| TOTAL LIABILITIES & EQUITY | $467M |
| Total Debt | $29M |
| Net Debt | -$62M |
