| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $20M | $8M | 22.1% | 211.0% |
| Op. Income | $3M | $642.0K | -$4M | 303.4% | 166.2% |
| Gross Margin | 86.3% | 85.6% | 80.4% | 0.6pp | 5.8pp |
| Net Margin | 11.2% | 5.4% | -176.9% | 5.8pp | 188.1pp |
| EPS (Diluted) | $0.07 | $0.03 | $-0.48 | 147.2% | 113.8% |
| Free Cash Flow | $7M | $2M | -$5M | 234.2% | 251.5% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $21M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $615.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $508.0K |
| 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 | $27.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $21M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $615.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $508.0K |
| 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 | $27.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $81.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$459.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$398.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$415.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $47M |
| Net Receivables | $17M |
| Inventory | $11M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $117M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $578.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $350.0K |
| Additional Paid-In Capital | $632M |
| Retained Earnings | -$528M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $592.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $0 |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $117M |
| Total Debt | $993.0K |
| Net Debt | -$33M |
