| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $97M | $93M | -3.9% | 0.4% |
| Op. Income | $3M | $3M | -$4M | 15.2% | 171.4% |
| Gross Margin | 40.4% | 38.7% | 38.3% | 1.7pp | 2.1pp |
| Net Margin | 4.1% | 3.3% | -4.4% | 0.8pp | 8.5pp |
| EPS (Diluted) | $0.03 | $0.03 | $-0.04 | 13.0% | 182.5% |
| Free Cash Flow | -$826.0K | -$3M | $3M | 72.5% | -128.2% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $38M |
| R&D Expenses | $2M |
| Selling & Marketing | $13M |
| General & Administrative | $20M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $3M |
| Interest Income | $593.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $38M |
| R&D Expenses | $2M |
| Selling & Marketing | $13M |
| General & Administrative | $20M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $3M |
| Interest Income | $593.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$745.0K |
| Capital Expenditure | -$81.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$81.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $85.0K |
| FREE CASH FLOW | -$826.0K |
| Net Change in Cash | -$741.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $45M |
| Inventory | $95M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $221M |
| PP&E (Net) | $24M |
| Goodwill | $2M |
| Intangible Assets | $199.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $249M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $995.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $665M |
| Retained Earnings | -$478M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $0 |
| TOTAL EQUITY | $187M |
| TOTAL LIABILITIES & EQUITY | $249M |
| Total Debt | $18M |
| Net Debt | -$55M |
