| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $144M | $132M | 2.9% | 12.3% |
| Op. Income | -$37M | -$38M | -$47M | 4.3% | 21.8% |
| Gross Margin | 51.3% | 53.2% | 55.1% | -1.8pp | -3.8pp |
| Net Margin | -25.2% | -27.1% | -33.0% | 1.9pp | 7.8pp |
| EPS (Diluted) | $-0.26 | $-0.27 | $-0.32 | 3.7% | 18.8% |
| Free Cash Flow | $21M | $10M | -$14M | 108.8% | 244.5% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $76M |
| R&D Expenses | $42M |
| Selling & Marketing | $51M |
| General & Administrative | $24M |
| SG&A Expenses | $75M |
| Other Expenses | -$5M |
| Operating Expenses | $113M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$37M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$456.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $557.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $25M |
| EBIT | -$34M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $327.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$537.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $982.0K |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $239M |
| Net Receivables | $117M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $465M |
| PP&E (Net) | $238M |
| Goodwill | $670M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $999M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $13M |
| Short-Term Debt | $188M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $313M |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $208M |
| TOTAL LIABILITIES | $521M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$169.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $943M |
| Minority Interest | $0 |
| TOTAL EQUITY | $943M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $410M |
| Net Debt | $328M |
