| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $41M | $47M | 10.0% | -2.2% |
| Op. Income | -$11M | -$15M | -$9M | 29.1% | -24.6% |
| Gross Margin | 52.3% | 48.6% | 54.6% | 3.7pp | -2.2pp |
| Net Margin | -12.2% | -27.5% | -22.4% | 15.3pp | 10.1pp |
| EPS (Diluted) | $-0.04 | $-0.09 | $-0.08 | 51.1% | 44.6% |
| Free Cash Flow | -$1M | -$976.0K | $5M | -50.5% | -129.4% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $24M |
| R&D Expenses | $9M |
| Selling & Marketing | $12M |
| General & Administrative | $14M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$11M |
| Interest Income | $555.0K |
| Interest Expense | $414.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | -$6M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$785.0K |
| OPERATING CASH FLOW | $108.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | -$49.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$102.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $187M |
| Net Receivables | $57M |
| Inventory | $49M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $35M |
| Goodwill | $17M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $493M |
| Account Payables | $7M |
| Short-Term Debt | $5M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $791.0K |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $116M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $430M |
| Retained Earnings | -$52M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $378M |
| Minority Interest | $0 |
| TOTAL EQUITY | $378M |
| TOTAL LIABILITIES & EQUITY | $493M |
| Total Debt | $24M |
| Net Debt | -$52M |
