| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $134M | $186M | 13.7% | -18.0% |
| Op. Income | -$14M | -$45M | -$47M | 69.0% | 69.9% |
| Gross Margin | 35.8% | 32.1% | 30.5% | 3.7pp | 5.4pp |
| Net Margin | -10.8% | -34.8% | -25.7% | 24.0pp | 14.9pp |
| EPS (Diluted) | $-0.10 | $-0.30 | $-0.31 | 66.7% | 67.7% |
| Free Cash Flow | $8M | -$58M | -$111.0K | 114.1% | 7554.1% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $55M |
| R&D Expenses | $31M |
| Selling & Marketing | $25M |
| General & Administrative | $13M |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $167M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$14M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$478.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$478.0K |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$121.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $84M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $21M |
| Goodwill | $134M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $686.0K |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $184M |
| TOTAL ASSETS | $439M |
| Account Payables | $61M |
| Short-Term Debt | $99M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $341M |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$745M |
| Treasury Stock | -$193M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $439M |
| Total Debt | $124M |
| Net Debt | $65M |
