| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $133M | $104M | -1.2% | 27.2% |
| Op. Income | -$9M | -$11M | -$16M | 18.0% | 43.0% |
| Gross Margin | 59.1% | 39.3% | 61.5% | 19.8pp | -2.4pp |
| Net Margin | -9.1% | -3.1% | -13.4% | -6.0pp | 4.3pp |
| EPS (Diluted) | $-0.10 | $-0.03 | $-0.11 | -191.4% | 10.5% |
| Free Cash Flow | $21M | -$80M | -$20M | 126.7% | 209.0% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $78M |
| R&D Expenses | $17M |
| Selling & Marketing | $38M |
| General & Administrative | $30M |
| SG&A Expenses | $69M |
| Other Expenses | $1M |
| Operating Expenses | $87M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $7M |
| EBIT | -$4M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$171.0K |
| Other Non-Cash Items | -$258.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $450.0K |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $25M |
| Net Receivables | $136M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $19M |
| Goodwill | $406M |
| Intangible Assets | $200M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $666M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $240M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $322M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$187M |
| Treasury Stock | -$99M |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $792M |
| Minority Interest | $0 |
| TOTAL EQUITY | $792M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $61M |
| Net Debt | -$188M |
