| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $80M | $78M | -0.5% | 1.7% |
| Op. Income | -$7M | -$14M | -$14M | 49.5% | 49.9% |
| Gross Margin | 74.8% | 74.2% | 74.3% | 0.6pp | 0.5pp |
| Net Margin | -28.8% | -22.5% | -24.9% | -6.2pp | -3.9pp |
| EPS (Diluted) | $-0.56 | $-0.45 | $-0.51 | -24.4% | -9.8% |
| Free Cash Flow | $1M | $818.0K | -$8M | 24.6% | 112.2% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $60M |
| R&D Expenses | $19M |
| Selling & Marketing | $35M |
| General & Administrative | $13M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $234.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $3M |
| 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 | $361.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$758.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$37.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $117M |
| PP&E (Net) | $42M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $196M |
| Account Payables | $20M |
| Short-Term Debt | $11M |
| Deferred Revenue | $154M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $122M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $141M |
| TOTAL LIABILITIES | $387M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $468.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$191M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$191M |
| TOTAL LIABILITIES & EQUITY | $196M |
| Total Debt | $141M |
| Net Debt | $94M |
