| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $57M | $53M | 6.0% | 14.5% |
| Op. Income | $4M | $2M | $5M | 142.4% | -8.5% |
| Gross Margin | 80.9% | 80.1% | 80.7% | 0.8pp | 0.3pp |
| Net Margin | 5.1% | 2.6% | 8.9% | 2.5pp | -3.8pp |
| EPS (Diluted) | $0.10 | $0.05 | $0.15 | 110.5% | -33.3% |
| Free Cash Flow | $6M | $8M | $6M | -22.1% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $49M |
| R&D Expenses | $13M |
| Selling & Marketing | $20M |
| General & Administrative | $10M |
| SG&A Expenses | $31M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $4M |
| Interest Income | $568.0K |
| Interest Expense | $26.0K |
| Other Income/Expenses | $543.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $847.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $49M |
| R&D Expenses | $13M |
| Selling & Marketing | $20M |
| General & Administrative | $10M |
| SG&A Expenses | $31M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $4M |
| Interest Income | $568.0K |
| Interest Expense | $26.0K |
| Other Income/Expenses | $543.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $847.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $847.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$71.0K |
| Change in Working Capital | -$948.0K |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$288.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$256.0K |
| NET CASH FROM INVESTING | -$544.0K |
| Net Debt Issuance | -$502.0K |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $734.0K |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $6.0K |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $136M |
| PP&E (Net) | $3M |
| Goodwill | $15M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $171M |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $83M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $440.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $244M |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $171M |
| Total Debt | $1M |
| Net Debt | -$63M |
