| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $24M | $22M | -2.3% | 2.6% |
| Op. Income | $2M | $3M | $650.0K | -27.8% | 214.8% |
| Gross Margin | 73.1% | 75.2% | 70.2% | -2.1pp | 3.0pp |
| Net Margin | 10.2% | 12.0% | 3.0% | -1.8pp | 7.2pp |
| EPS (Diluted) | $0.08 | $0.10 | $0.02 | -17.6% | 256.7% |
| Free Cash Flow | $10M | $10M | $6M | -3.3% | 57.1% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $17M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $2M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $624.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $592.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $302.0K |
| 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 | $715.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $17M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $2M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $624.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $592.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $302.0K |
| 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 | $715.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $645.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $530.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$234.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$234.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $31.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $4M |
| Goodwill | $13M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $147M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $416M |
| Retained Earnings | -$286M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $147M |
| Total Debt | $6M |
| Net Debt | -$78M |
