| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $119M | $104M | 2.0% | 16.6% |
| Op. Income | -$10M | -$7M | -$11M | -40.4% | 8.1% |
| Gross Margin | 73.2% | 73.1% | 70.4% | 0.1pp | 2.8pp |
| Net Margin | -8.4% | -3.8% | -8.9% | -4.6pp | 0.4pp |
| EPS (Diluted) | $-0.13 | $-0.06 | $-0.13 | -117.4% | 0.0% |
| Free Cash Flow | $23M | $24M | $10M | -3.4% | 127.4% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $89M |
| R&D Expenses | $33M |
| Selling & Marketing | $41M |
| General & Administrative | $25M |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $131M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $202.0K |
| Other Income/Expenses | -$202.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$171.0K |
| 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 | $6M |
| EBIT | -$10M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$26.0K |
| Other Non-Cash Items | $311.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $417M |
| PP&E (Net) | $39M |
| Goodwill | $286M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $383M |
| TOTAL ASSETS | $801M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $235M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $332M |
| Common Stock | $79.0K |
| Additional Paid-In Capital | $972M |
| Retained Earnings | -$502M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $468M |
| Minority Interest | $0 |
| TOTAL EQUITY | $468M |
| TOTAL LIABILITIES & EQUITY | $801M |
| Total Debt | $17M |
| Net Debt | -$268M |
