| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $129M | $134M | 17.0% | 12.5% |
| Op. Income | -$25M | $27M | $26M | -192.3% | -198.2% |
| Gross Margin | 32.0% | 51.6% | 47.1% | -19.6pp | -15.1pp |
| Net Margin | -13.4% | 15.7% | 14.2% | -29.1pp | -27.6pp |
| EPS (Diluted) | $-0.52 | $0.49 | $0.46 | -206.1% | -213.0% |
| Free Cash Flow | $6M | $15M | $22M | -56.3% | -71.2% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $840.0K |
| General & Administrative | $27M |
| SG&A Expenses | $28M |
| Other Expenses | $46M |
| Operating Expenses | $74M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$25M |
| Interest Income | $146M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $3M |
| EBIT | -$25M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$68.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$297M |
| Sales/Maturities of Investments | $309M |
| Other Investing Activities | $29M |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$507.0K |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $256M |
| NET CASH FROM FINANCING | $258M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $304M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $597M |
| Short-Term Investments | $660M |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $86M |
| Goodwill | $216M |
| Intangible Assets | $66M |
| Long-Term Investments | $11.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $635M |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $13.9B |
| Account Payables | $0 |
| Short-Term Debt | $758M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.3B |
| TOTAL CURRENT LIABILITIES | $12.0B |
| Long-Term Debt | $302M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $383M |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $858M |
| Additional Paid-In Capital | $37M |
| Retained Earnings | $615M |
| Treasury Stock | -$76M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $13.9B |
| Total Debt | $1.1B |
| Net Debt | $499M |
