| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $82M | $89M | 12.1% | 4.0% |
| Op. Income | -$6M | -$8M | -$7M | 19.9% | 13.2% |
| Gross Margin | 44.8% | 44.2% | 48.1% | 0.6pp | -3.3pp |
| Net Margin | -4.5% | -7.5% | -6.3% | 3.0pp | 1.8pp |
| EPS (Diluted) | $-0.15 | $-0.25 | $-0.24 | 40.0% | 37.5% |
| Free Cash Flow | $480.0K | -$19M | $2M | 102.5% | -72.1% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $41M |
| R&D Expenses | $5M |
| Selling & Marketing | $25M |
| General & Administrative | $17M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $98M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$153.0K |
| 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 | $5M |
| EBIT | -$4M |
| EBITDA | $911.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$377.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $480.0K |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $19M |
| Net Receivables | $39M |
| Inventory | $24M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $58M |
| Goodwill | $11M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $312M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $360M |
| Retained Earnings | -$163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199M |
| Minority Interest | $0 |
| TOTAL EQUITY | $199M |
| TOTAL LIABILITIES & EQUITY | $312M |
| Total Debt | $19M |
| Net Debt | -$85M |
