| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $162M | $144M | 5.2% | 18.5% |
| Op. Income | -$10M | -$13M | -$47M | 25.5% | 79.6% |
| Gross Margin | 37.5% | 34.8% | 22.1% | 2.8pp | 15.4pp |
| Net Margin | -3.8% | -3.7% | -31.4% | -0.0pp | 27.6pp |
| EPS (Diluted) | $-0.22 | $-0.21 | $-1.56 | -4.8% | 85.9% |
| Free Cash Flow | -$5M | -$10M | $16M | 47.7% | -132.9% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $64M |
| R&D Expenses | $21M |
| Selling & Marketing | $31M |
| General & Administrative | $21M |
| SG&A Expenses | $52M |
| Other Expenses | $937.0K |
| Operating Expenses | $74M |
| Cost & Expenses | $180M |
| OPERATING INCOME | -$10M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $864.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $37.0K |
| Other Non-Cash Items | $216.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241M |
| Short-Term Investments | $122M |
| Net Receivables | $145M |
| Inventory | $157M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $699M |
| PP&E (Net) | $37M |
| Goodwill | $46M |
| Intangible Assets | $4M |
| Long-Term Investments | $9M |
| Tax Assets | $2M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $804M |
| Account Payables | $59M |
| Short-Term Debt | $9M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $243M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $280M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$494M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $523M |
| Minority Interest | $0 |
| TOTAL EQUITY | $523M |
| TOTAL LIABILITIES & EQUITY | $804M |
| Total Debt | $26M |
| Net Debt | -$215M |
