| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $98M | $109M | 1.0% | -9.2% |
| Op. Income | -$59M | -$54M | -$63M | -9.5% | 6.0% |
| Gross Margin | 31.2% | 28.7% | 23.6% | 2.5pp | 7.6pp |
| Net Margin | -67.1% | -58.5% | -63.5% | -8.6pp | -3.7pp |
| EPS (Diluted) | $-2.85 | $-2.49 | $-3.20 | -14.5% | 10.9% |
| Free Cash Flow | -$7M | -$34M | -$55M | 78.1% | 86.5% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $31M |
| R&D Expenses | $36M |
| Selling & Marketing | $25M |
| General & Administrative | $28M |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$59M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $9M |
| EBIT | -$58M |
| EBITDA | -$49M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $212M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $533M |
| PP&E (Net) | $43M |
| Goodwill | $222M |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $870M |
| Account Payables | $72M |
| Short-Term Debt | $0 |
| Deferred Revenue | $115M |
| Other Current Liabilities | $132M |
| TOTAL CURRENT LIABILITIES | $320M |
| Long-Term Debt | $309M |
| Deferred Revenue NC | $135M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $480M |
| TOTAL LIABILITIES | $800M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $870M |
| Total Debt | $323M |
| Net Debt | $128M |
