| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $255M | — | -17.1% | — |
| Op. Income | $26M | $28M | — | -6.3% | — |
| Gross Margin | 76.4% | 66.6% | — | 9.8pp | — |
| Net Margin | 8.5% | 8.3% | — | 0.2pp | — |
| EPS (Diluted) | $0.16 | $0.19 | — | -15.8% | — |
| Free Cash Flow | $36M | $72M | — | -50.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $39M |
| SG&A Expenses | $75M |
| Other Expenses | $60M |
| Operating Expenses | $135M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $26M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | -$562.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $7M |
| EBIT | $33M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $39M |
| SG&A Expenses | $75M |
| Other Expenses | $60M |
| Operating Expenses | $135M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $26M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | -$562.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $7M |
| EBIT | $33M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$181.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $728.0K |
| NET CASH FROM FINANCING | $547.0K |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $402M |
| Short-Term Investments | $314M |
| Net Receivables | $140M |
| Inventory | $818.0K |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $996M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $605M |
| Long-Term Investments | $4M |
| Tax Assets | $113M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $783M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $149M |
| Short-Term Debt | $5M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $354M |
| Long-Term Debt | $224M |
| Deferred Revenue NC | $231.0K |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $608M |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$983M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$43M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $229M |
| Net Debt | -$173M |
