| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $220M | $225M | 3.9% | 1.7% |
| Op. Income | -$3M | -$9M | -$4M | 60.3% | 9.0% |
| Gross Margin | 13.5% | 12.5% | 13.9% | 1.1pp | -0.4pp |
| Net Margin | -0.4% | 0.1% | 1.9% | -0.4pp | -2.3pp |
| EPS (Diluted) | $-0.00 | $0.00 | $0.02 | -702.5% | -118.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $31M |
| R&D Expenses | $18M |
| Selling & Marketing | $8M |
| General & Administrative | $9M |
| SG&A Expenses | $18M |
| Other Expenses | -$1M |
| Operating Expenses | $34M |
| Cost & Expenses | $232M |
| OPERATING INCOME | -$3M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $277.2K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$802.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$802.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$802.3K |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$668.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$802.3K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $439M |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $660M |
| PP&E (Net) | $122M |
| Goodwill | $67M |
| Intangible Assets | $21M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $312M |
| TOTAL ASSETS | $971M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $22.1K |
| Additional Paid-In Capital | $941M |
| Retained Earnings | -$308M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $737M |
| Minority Interest | $0 |
| TOTAL EQUITY | $737M |
| TOTAL LIABILITIES & EQUITY | $971M |
| Total Debt | $4M |
| Net Debt | -$68M |
