| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $883.3K | $821.2K | $836.9K | 7.6% | 5.5% |
| Op. Income | -$44M | -$40M | -$19M | -10.0% | -133.2% |
| Gross Margin | 61.2% | 59.0% | 95.7% | 2.2pp | -34.5pp |
| Net Margin | -2262.2% | -3863.4% | -1955.8% | 1601.2pp | -306.4pp |
| EPS (Diluted) | $-0.08 | $-0.14 | $-0.10 | 40.6% | 15.4% |
| Free Cash Flow | $2M | -$10M | -$24M | 118.0% | 107.4% |
| Item | Amount |
|---|---|
| REVENUE | $883.3K |
| Cost of Revenue | $342.9K |
| GROSS PROFIT | $540.4K |
| R&D Expenses | $13M |
| Selling & Marketing | $556.0K |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $2M |
| Operating Expenses | $44M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$44M |
| Interest Income | $17M |
| Interest Expense | $4M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $310.3K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $310.3K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$552.5K |
| Acquisitions (Net) | $250.0K |
| Purchases of Investments | -$125M |
| Sales/Maturities of Investments | $18.3K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $926M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $2.3B |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $619M |
| Net Receivables | $123M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $7M |
| Goodwill | $121M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $151M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $5M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $939M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $310.3K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $942M |
| TOTAL LIABILITIES | $965M |
| Common Stock | $27.8K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $230.4K |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $947M |
| Net Debt | -$1.4B |
