| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | $159M | $148M | 17.7% | 26.1% |
| Op. Income | -$19M | -$33M | -$23M | 42.5% | 18.6% |
| Gross Margin | 71.2% | 68.8% | 69.9% | 2.3pp | 1.3pp |
| Net Margin | -7.6% | -19.3% | -13.6% | 11.7pp | 6.0pp |
| EPS (Diluted) | $-0.45 | $-0.97 | $-0.65 | 53.6% | 30.8% |
| Free Cash Flow | $17M | -$17M | $3M | 199.9% | 415.8% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $133M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $2M |
| Operating Expenses | $152M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$19M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$183.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $7M |
| EBIT | -$12M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $236M |
| Net Receivables | $82M |
| Inventory | $18M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $664M |
| PP&E (Net) | $184M |
| Goodwill | $862.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $300M |
| TOTAL ASSETS | $964M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $577.0K |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $648M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $728M |
| TOTAL LIABILITIES | $860M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $932M |
| Retained Earnings | -$804M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$26.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $964M |
| Total Debt | $735M |
| Net Debt | $426M |
