| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $45M | $39M | 2.5% | 18.4% |
| Op. Income | -$76M | -$12M | -$5M | -560.2% | -1508.2% |
| Gross Margin | 38.0% | 47.8% | 42.6% | -9.8pp | -4.6pp |
| Net Margin | -161.9% | -38.0% | -12.3% | -123.8pp | -149.6pp |
| EPS (Diluted) | $-0.58 | $-0.49 | $-0.14 | -18.4% | -314.3% |
| Free Cash Flow | -$24M | -$16M | -$4M | -50.9% | -461.9% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $87M |
| SG&A Expenses | $93M |
| Other Expenses | $734.6K |
| Operating Expenses | $94M |
| Cost & Expenses | $123M |
| OPERATING INCOME | -$76M |
| Interest Income | $2M |
| Interest Expense | $7.5K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | $9.7K |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $1M |
| EBIT | -$75M |
| EBITDA | -$74M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$616.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$85.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$610.1K |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $164M |
| Net Receivables | $30M |
| Inventory | $2M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $260M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $129.0K |
| Additional Paid-In Capital | $427M |
| Retained Earnings | -$321M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $876.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $107M |
| Minority Interest | $0 |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $260M |
| Total Debt | $6M |
| Net Debt | -$28M |
