| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $7M | $6M | -20.5% | -14.2% |
| Op. Income | $9M | $9M | $16M | -2.2% | -43.2% |
| Gross Margin | 63.3% | 57.5% | 63.8% | 5.8pp | -0.5pp |
| Net Margin | -241.9% | -136.7% | -217.6% | -105.3pp | -24.4pp |
| EPS (Diluted) | $-0.20 | $0.14 | $-0.08 | -242.9% | -136.4% |
| Free Cash Flow | -$6M | -$7M | -$11M | 9.4% | 46.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $4M |
| Selling & Marketing | $5M |
| General & Administrative | $3M |
| SG&A Expenses | $8M |
| Other Expenses | -$18M |
| Operating Expenses | -$6M |
| Cost & Expenses | -$4M |
| OPERATING INCOME | $9M |
| Interest Income | $237.0K |
| Interest Expense | $31.0K |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $802.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $802.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$44.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $185.0K |
| NET CASH FROM FINANCING | $124.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $218.0K |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $1M |
| Goodwill | $57M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $379.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $108M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $727.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $487M |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $32M |
| Net Debt | $10M |
