| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | $107M | $95M | 1.4% | 14.8% |
| Op. Income | -$2M | -$5M | -$2M | 61.7% | 13.7% |
| Gross Margin | 81.2% | 81.0% | 83.1% | 0.3pp | -1.8pp |
| Net Margin | 2.9% | 0.7% | 3.5% | 2.2pp | -0.5pp |
| EPS (Diluted) | $0.09 | $0.02 | $0.08 | 297.2% | 0.8% |
| Free Cash Flow | $25M | $27M | $20M | -7.6% | 24.4% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $88M |
| R&D Expenses | $24M |
| Selling & Marketing | $45M |
| General & Administrative | $21M |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$2M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $4M |
| EBIT | -$2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$187.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$778.0K |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $411M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $930M |
| PP&E (Net) | $8M |
| Goodwill | $110M |
| Intangible Assets | $35M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $208M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $7M |
| Short-Term Debt | $459M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $707M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $734M |
| Common Stock | $0 |
| Additional Paid-In Capital | $761M |
| Retained Earnings | -$362M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $464M |
| Net Debt | $150M |
