| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $74M | $85M | -1.5% | -13.9% |
| Op. Income | -$6M | -$10M | -$6M | 34.8% | 1.8% |
| Gross Margin | 67.5% | 66.9% | 70.9% | 0.5pp | -3.4pp |
| Net Margin | -2.9% | -9.0% | 1.3% | 6.1pp | -4.2pp |
| EPS (Diluted) | $-0.02 | $-0.07 | $0.01 | 68.6% | -299.1% |
| Free Cash Flow | -$19M | $59M | -$42M | -131.8% | 55.4% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $49M |
| R&D Expenses | $18M |
| Selling & Marketing | $20M |
| General & Administrative | $17M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$6M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $845.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4M |
| EBIT | -$168.0K |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $491M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $590M |
| PP&E (Net) | $11M |
| Goodwill | $174M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $194M |
| TOTAL ASSETS | $784M |
| Account Payables | $323M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $390M |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $607M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$840M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $177M |
| Minority Interest | $0 |
| TOTAL EQUITY | $177M |
| TOTAL LIABILITIES & EQUITY | $784M |
| Total Debt | $243M |
| Net Debt | -$248M |
