| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $51M | $68M | 53.3% | 15.0% |
| Op. Income | $20M | -$6M | -$8M | 443.8% | 360.9% |
| Gross Margin | 76.5% | 63.9% | 68.4% | 12.6pp | 8.1pp |
| Net Margin | 27.8% | -47.7% | -409.8% | 75.5pp | 437.6pp |
| EPS (Diluted) | $0.46 | $-0.57 | $-6.66 | 180.7% | 106.9% |
| Free Cash Flow | $13M | $8M | -$801.0K | 66.2% | 1738.3% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $60M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $20M |
| Interest Income | $918.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $22M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $60M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $20M |
| Interest Income | $918.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $22M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$164.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$342.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$802.0K |
| NET CASH FROM FINANCING | -$105.0K |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $5M |
| Net Receivables | $65M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $47M |
| Goodwill | $293M |
| Intangible Assets | $551.0K |
| Long-Term Investments | $0 |
| Tax Assets | $55M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $433M |
| TOTAL ASSETS | $666M |
| Account Payables | $7M |
| Short-Term Debt | $60M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $198M |
| Deferred Revenue NC | $120M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $358M |
| TOTAL LIABILITIES | $516M |
| Common Stock | $433.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$924M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $149M |
| Minority Interest | $0 |
| TOTAL EQUITY | $149M |
| TOTAL LIABILITIES & EQUITY | $666M |
| Total Debt | $276M |
| Net Debt | $159M |
