| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $78M | $129M | 47.9% | -10.8% |
| Op. Income | $53M | -$17M | $2M | 410.6% | 2289.3% |
| Gross Margin | 11.1% | 8.3% | 8.5% | 2.9pp | 2.6pp |
| Net Margin | 40.8% | -21.6% | 1.0% | 62.5pp | 39.8pp |
| EPS (Diluted) | $0.28 | $-0.10 | $0.01 | 380.0% | 3314.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $13M |
| R&D Expenses | $387.0K |
| Selling & Marketing | $647.0K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | -$43M |
| Operating Expenses | -$40M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $53M |
| Interest Income | $597.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $54M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $13M |
| R&D Expenses | $387.0K |
| Selling & Marketing | $647.0K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | -$43M |
| Operating Expenses | -$40M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $53M |
| Interest Income | $597.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $54M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $175.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $205.0K |
| Other Current Assets | $172M |
| TOTAL CURRENT ASSETS | $320M |
| PP&E (Net) | $71M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $71.0K |
| Tax Assets | $8M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $148M |
| TOTAL ASSETS | $468M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $265M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $89M |
| Retained Earnings | $108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $197M |
| Minority Interest | $5M |
| TOTAL EQUITY | $202M |
| TOTAL LIABILITIES & EQUITY | $468M |
| Total Debt | $40M |
| Net Debt | -$86.0K |
