| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $107M | $96M | 16.4% | 29.7% |
| Op. Income | -$23M | -$21M | -$30M | -9.7% | 24.3% |
| Gross Margin | 78.3% | 77.2% | 76.4% | 1.1pp | 1.9pp |
| Net Margin | -15.8% | -17.0% | -52.8% | 1.2pp | 37.0pp |
| EPS (Diluted) | $-0.34 | $-0.32 | $-1.06 | -6.3% | 67.9% |
| Free Cash Flow | $6M | -$20M | -$21M | 128.3% | 128.3% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $97M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$23M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $248.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $10M |
| EBIT | -$18M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$8.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$278.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $174M |
| Net Receivables | $83M |
| Inventory | $65M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $436M |
| PP&E (Net) | $184M |
| Goodwill | $67M |
| Intangible Assets | $270M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $551M |
| TOTAL ASSETS | $987M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $222M |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$783M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $765M |
| Minority Interest | $0 |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $987M |
| Total Debt | $105M |
| Net Debt | $4M |
