| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $78M | $72M | -2.3% | 5.7% |
| Op. Income | $5M | $22M | $17M | -76.2% | -68.1% |
| Gross Margin | 73.1% | 77.6% | 71.8% | -4.5pp | 1.3pp |
| Net Margin | 0.9% | 16.8% | -2.8% | -15.9pp | 3.7pp |
| EPS (Diluted) | $0.00 | $0.04 | $-0.01 | -94.9% | 128.4% |
| Free Cash Flow | $8M | -$7M | $861.0K | 216.8% | 809.8% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $56M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $5M |
| Operating Expenses | $51M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $940.0K |
| Income Tax Expense | $272.0K |
| Net Income from Continuing Ops | $668.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $668.0K |
| D&A | $3M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $56M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $5M |
| Operating Expenses | $51M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $940.0K |
| Income Tax Expense | $272.0K |
| Net Income from Continuing Ops | $668.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $668.0K |
| D&A | $3M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $668.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | -$176.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $122M |
| Net Receivables | $27M |
| Inventory | $28M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $279M |
| PP&E (Net) | $83M |
| Goodwill | $2M |
| Intangible Assets | $5M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $133M |
| TOTAL ASSETS | $412M |
| Account Payables | $10M |
| Short-Term Debt | $36M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $299M |
| TOTAL NON-CURRENT LIABILITIES | $355M |
| TOTAL LIABILITIES | $467M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$55M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$55M |
| TOTAL LIABILITIES & EQUITY | $412M |
| Total Debt | $47M |
| Net Debt | -$10M |
