| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $120M | $124M | 3.2% | -0.1% |
| Op. Income | $5M | $7M | $23M | -32.5% | -79.1% |
| Gross Margin | 68.4% | 68.0% | 68.3% | 0.3pp | 0.1pp |
| Net Margin | 2.3% | 4.2% | 18.2% | -1.8pp | -15.9pp |
| EPS (Diluted) | $0.02 | $0.04 | $0.16 | -41.6% | -86.8% |
| Free Cash Flow | $31M | $23M | $11M | 34.5% | 172.4% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $85M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $2M |
| Operating Expenses | $80M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $5M |
| Interest Income | $614.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $376.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $11M |
| EBIT | $6M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $85M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $2M |
| Operating Expenses | $80M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $5M |
| Interest Income | $614.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $376.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $11M |
| EBIT | $6M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $314.0K |
| Other Non-Cash Items | $221.0K |
| Change in Working Capital | $407.0K |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $94M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $322M |
| PP&E (Net) | $83M |
| Goodwill | $315M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $486M |
| TOTAL ASSETS | $809M |
| Account Payables | $34M |
| Short-Term Debt | $6M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $1M |
| Additional Paid-In Capital | $472M |
| Retained Earnings | $217M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $687M |
| Minority Interest | $0 |
| TOTAL EQUITY | $687M |
| TOTAL LIABILITIES & EQUITY | $809M |
| Total Debt | $38M |
| Net Debt | -$69M |
