| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $232M | $203M | $177M | 14.1% | 30.9% |
| Op. Income | -$106M | -$111M | -$101M | 4.2% | -5.8% |
| Gross Margin | 65.0% | 63.3% | 59.1% | 1.7pp | 5.9pp |
| Net Margin | -43.0% | -46.8% | -57.9% | 3.7pp | 14.9pp |
| EPS (Diluted) | $-0.80 | $-0.77 | $-0.84 | -3.9% | 4.8% |
| Free Cash Flow | -$66M | -$67M | -$99M | 1.8% | 33.5% |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $151M |
| R&D Expenses | $87M |
| Selling & Marketing | $120M |
| General & Administrative | $50M |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $257M |
| Cost & Expenses | $339M |
| OPERATING INCOME | -$106M |
| Interest Income | $8M |
| Interest Expense | $983.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$100M |
| Income Tax Expense | $38.0K |
| Net Income from Continuing Ops | -$100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$100M |
| D&A | $10M |
| EBIT | -$99M |
| EBITDA | -$89M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$100M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$44.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $629M |
| Short-Term Investments | $0 |
| Net Receivables | $130M |
| Inventory | $84M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $883M |
| PP&E (Net) | $296M |
| Goodwill | $3M |
| Intangible Assets | $6M |
| Long-Term Investments | $122M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $45M |
| Short-Term Debt | $26M |
| Deferred Revenue | $54M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $238M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.8B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$305M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$305M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $1.3B |
| Net Debt | $705M |
