| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $85M | $88M | 1.7% | -2.2% |
| Op. Income | $1M | -$3M | -$22M | 144.2% | 105.7% |
| Gross Margin | 79.2% | 79.8% | 86.0% | -0.6pp | -6.9pp |
| Net Margin | 2.9% | 0.7% | -38.6% | 2.2pp | 41.5pp |
| EPS (Diluted) | $0.08 | $0.02 | $-1.32 | 389.8% | 106.2% |
| Free Cash Flow | $19M | $18M | $31M | 4.9% | -38.9% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $68M |
| R&D Expenses | $15M |
| Selling & Marketing | $29M |
| General & Administrative | $22M |
| SG&A Expenses | $51M |
| Other Expenses | $1M |
| Operating Expenses | $67M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $1M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $68M |
| R&D Expenses | $15M |
| Selling & Marketing | $29M |
| General & Administrative | $22M |
| SG&A Expenses | $51M |
| Other Expenses | $1M |
| Operating Expenses | $67M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $1M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $251M |
| Short-Term Investments | $0 |
| Net Receivables | $209M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $601M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $204M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $247M |
| Common Stock | $0 |
| Additional Paid-In Capital | $664M |
| Retained Earnings | -$137M |
| Treasury Stock | -$173M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $354M |
| Minority Interest | $0 |
| TOTAL EQUITY | $354M |
| TOTAL LIABILITIES & EQUITY | $601M |
| Total Debt | $25M |
| Net Debt | -$226M |
