| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $266M | $230M | 4.2% | 20.4% |
| Op. Income | -$38M | -$44M | -$52M | 14.1% | 27.1% |
| Gross Margin | 41.2% | 40.7% | 41.8% | 0.6pp | -0.5pp |
| Net Margin | -10.7% | -13.2% | -18.5% | 2.5pp | 7.8pp |
| EPS (Diluted) | $-0.19 | $-0.23 | $-0.28 | 17.4% | 32.1% |
| Free Cash Flow | -$17M | -$18M | -$29M | 6.3% | 39.7% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $114M |
| R&D Expenses | $31M |
| Selling & Marketing | $66M |
| General & Administrative | $31M |
| SG&A Expenses | $97M |
| Other Expenses | $25M |
| Operating Expenses | $152M |
| Cost & Expenses | $315M |
| OPERATING INCOME | -$38M |
| Interest Income | $10M |
| Interest Expense | $356.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $26M |
| EBIT | -$28M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$372.0K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $63.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$68.1K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $659M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $19M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $881M |
| PP&E (Net) | $34M |
| Goodwill | $1.4B |
| Intangible Assets | $191M |
| Long-Term Investments | $18M |
| Tax Assets | $557.0K |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $63M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $644.0K |
| Deferred Tax Liabilities | $379.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $220M |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $874.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $22M |
| Net Debt | -$637M |
