| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $38M | $27M | 14.0% | 57.5% |
| Op. Income | -$2M | -$4M | -$11M | 58.3% | 85.7% |
| Gross Margin | 76.1% | 73.2% | 64.8% | 3.0pp | 11.3pp |
| Net Margin | -7.7% | -12.9% | -66.1% | 5.2pp | 58.4pp |
| EPS (Diluted) | $-5.92 | $-8.62 | $-30.25 | 31.4% | 80.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $33M |
| R&D Expenses | $10M |
| Selling & Marketing | $15M |
| General & Administrative | $10M |
| SG&A Expenses | $25M |
| Other Expenses | -$42.2K |
| Operating Expenses | $34M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$2M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$221.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $564.7K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $263.0K |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $345.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| 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 | $295M |
| Short-Term Investments | $49.1K |
| Net Receivables | $81M |
| Inventory | $0 |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $523M |
| PP&E (Net) | $9M |
| Goodwill | $62M |
| Intangible Assets | $26M |
| Long-Term Investments | $116M |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $243M |
| TOTAL ASSETS | $766M |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $419M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $449M |
| Common Stock | $36.4K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | -$188M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $48M |
| TOTAL EQUITY | $316M |
| TOTAL LIABILITIES & EQUITY | $766M |
| Total Debt | $0 |
| Net Debt | -$295M |
