| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $65M | $80M | -7.9% | -25.4% |
| Op. Income | -$6M | -$16M | -$18M | 62.5% | 67.0% |
| Gross Margin | 60.1% | 62.9% | 65.2% | -2.8pp | -5.1pp |
| Net Margin | -26.4% | -21.8% | 52.3% | -4.5pp | -78.7pp |
| EPS (Diluted) | $-2.50 | $-3.61 | $-4.94 | 30.7% | 49.4% |
| Free Cash Flow | -$15M | -$7M | -$23M | -116.1% | 35.3% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $36M |
| R&D Expenses | $14M |
| Selling & Marketing | $20M |
| General & Administrative | $8M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $384.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $6M |
| EBIT | -$7M |
| EBITDA | -$2M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $87.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$1.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $470.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $96M |
| Goodwill | $227M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $373M |
| TOTAL ASSETS | $604M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $538M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $546M |
| TOTAL LIABILITIES | $687M |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $946M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$3.0K |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$82M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$82M |
| TOTAL LIABILITIES & EQUITY | $604M |
| Total Debt | $538M |
| Net Debt | $376M |
