| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $94M | $75M | 4.3% | 29.9% |
| Op. Income | -$15M | -$4M | -$16M | -311.4% | 7.1% |
| Gross Margin | 98.9% | 99.1% | 97.7% | -0.2pp | 1.2pp |
| Net Margin | -10.5% | 5.4% | -15.4% | -15.9pp | 4.9pp |
| EPS (Diluted) | $-0.21 | $0.10 | $-0.23 | -316.3% | 8.7% |
| Free Cash Flow | $26M | $137.0K | $23M | 18549.6% | 10.4% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $97M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$15M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $606.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $780.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $780.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$414.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$43.7K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $395M |
| Net Receivables | $70M |
| Inventory | $5M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $14M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $594.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $392M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $524M |
| TOTAL LIABILITIES | $694M |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $1.0K |
| TOTAL STOCKHOLDERS' EQUITY | $388M |
| Minority Interest | $0 |
| TOTAL EQUITY | $388M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $436M |
| Net Debt | -$51M |
