| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $32M | $36M | -0.8% | -10.6% |
| Op. Income | $3M | -$9M | $2M | 133.2% | 47.3% |
| Gross Margin | 72.3% | 83.4% | 85.5% | -11.1pp | -13.2pp |
| Net Margin | -2.6% | -28.9% | 2.6% | 26.3pp | -5.3pp |
| EPS (Diluted) | $-0.02 | $-0.21 | $0.02 | 91.2% | -188.5% |
| Free Cash Flow | $5M | $88.0K | $6M | 5401.1% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $3M |
| Selling & Marketing | $11M |
| General & Administrative | $7M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $619.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$841.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$841.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$841.0K |
| D&A | $4M |
| EBIT | -$1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$841.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$548.0K |
| Other Non-Cash Items | $73.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $127.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $23M |
| Goodwill | $120M |
| Intangible Assets | $24M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $179M |
| TOTAL ASSETS | $205M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $46M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $376.0K |
| Deferred Tax Liabilities | $971.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $273M |
| Retained Earnings | $22M |
| Treasury Stock | -$193M |
| Accum. Other Comp. Income | -$14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $0 |
| TOTAL EQUITY | $102M |
| TOTAL LIABILITIES & EQUITY | $205M |
| Total Debt | $40M |
| Net Debt | $37M |
