| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $293M | $280M | $222M | 4.7% | 31.9% |
| Op. Income | -$31M | -$24M | -$14M | -31.9% | -122.9% |
| Gross Margin | 75.7% | 75.8% | 77.4% | -0.1pp | -1.7pp |
| Net Margin | -8.3% | -5.0% | -2.2% | -3.2pp | -6.1pp |
| EPS (Diluted) | $-0.09 | $-0.05 | $-0.02 | -70.4% | -358.1% |
| Free Cash Flow | $48M | $7M | $37M | 631.3% | 30.6% |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $222M |
| R&D Expenses | $72M |
| Selling & Marketing | $127M |
| General & Administrative | $54M |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $253M |
| Cost & Expenses | $324M |
| OPERATING INCOME | -$31M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $4M |
| EBIT | -$31M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $936M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $143M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $194M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $83M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $214M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $301M |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$884M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $99M |
| Net Debt | -$836M |
