| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $28M | $29M | -15.4% | -20.5% |
| Op. Income | -$7M | -$14M | -$8M | 46.0% | 6.6% |
| Gross Margin | 78.7% | 74.6% | 61.3% | 4.1pp | 17.4pp |
| Net Margin | -57.0% | -15.4% | -43.6% | -41.6pp | -13.4pp |
| EPS (Diluted) | $-1.00 | $-0.34 | $-1.14 | -194.1% | 12.3% |
| Free Cash Flow | -$8M | $1M | -$6M | -688.4% | -18.6% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $18M |
| R&D Expenses | $2M |
| Selling & Marketing | $7M |
| General & Administrative | $11M |
| SG&A Expenses | $18M |
| Other Expenses | $5M |
| Operating Expenses | $26M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$795.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $4M |
| EBIT | -$10M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$22.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$9.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $5M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $19M |
| Goodwill | $140M |
| Intangible Assets | $70M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $232M |
| TOTAL ASSETS | $288M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $34M |
| Other Current Liabilities | $706.0K |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $117M |
| Deferred Revenue NC | $454.0K |
| Deferred Tax Liabilities | $615.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $145M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $3M |
| Additional Paid-In Capital | $914M |
| Retained Earnings | -$824M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $288M |
| Total Debt | $141M |
| Net Debt | $107M |
