| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $10M | -14.5% | -22.8% |
| Op. Income | -$8M | -$12M | -$10M | 30.2% | 15.6% |
| Gross Margin | 58.8% | 65.0% | 66.1% | -6.2pp | -7.4pp |
| Net Margin | -102.6% | -125.2% | -89.3% | 22.6pp | -13.3pp |
| EPS (Diluted) | $-0.38 | $-0.55 | $-0.43 | 30.9% | 11.6% |
| Free Cash Flow | -$5M | -$6M | -$7M | 9.7% | 27.9% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $5M |
| R&D Expenses | $5M |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $288.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$8M |
| Interest Income | $178.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $210.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $311.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$318.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$491.0K |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$120.0K |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | -$3.0K |
| Common Stock Repurchased | -$503.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$506.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $6M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $5M |
| Goodwill | $9M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $61M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $418M |
| Retained Earnings | -$371M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$946.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $6M |
| Net Debt | -$4M |
