| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $82M | $82M | 2.5% | 3.2% |
| Op. Income | -$7M | -$2M | -$13M | -181.6% | 49.7% |
| Gross Margin | 79.0% | 79.4% | 75.8% | -0.4pp | 3.2pp |
| Net Margin | -9.9% | -0.4% | -13.8% | -9.5pp | 3.8pp |
| EPS (Diluted) | $-0.11 | $-0.00 | $-0.15 | -2650.0% | 26.7% |
| Free Cash Flow | $12M | -$3M | $11M | 515.1% | 11.5% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $67M |
| R&D Expenses | $18M |
| Selling & Marketing | $35M |
| General & Administrative | $16M |
| SG&A Expenses | $51M |
| Other Expenses | $4M |
| Operating Expenses | $73M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$7M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $221.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $4M |
| EBIT | -$5M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$126.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $88M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $16M |
| Goodwill | $52M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $303M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $56M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $158M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $165M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $669M |
| Retained Earnings | -$630M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $0 |
| TOTAL EQUITY | $39M |
| TOTAL LIABILITIES & EQUITY | $303M |
| Total Debt | $166M |
| Net Debt | $120M |
