| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $31M | $27M | 53.5% | 74.3% |
| Op. Income | -$6M | -$8M | -$11M | 32.9% | 49.9% |
| Gross Margin | 28.1% | 32.3% | -2.4% | -4.3pp | 30.5pp |
| Net Margin | 64.7% | -53.7% | -72.0% | 118.4pp | 136.7pp |
| EPS (Diluted) | $0.23 | $-0.15 | $-0.22 | 260.0% | 206.7% |
| Free Cash Flow | -$17M | -$4M | -$6M | -297.9% | -165.7% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $5M |
| General & Administrative | $11M |
| SG&A Expenses | $17M |
| Other Expenses | $2M |
| Operating Expenses | $19M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | -$77.5K |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | -$6M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $685.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$36M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $594.1K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $807.5K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$380.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $638.0K |
| Net Receivables | $34M |
| Inventory | $84M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $88M |
| Goodwill | $37M |
| Intangible Assets | $40M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $204M |
| TOTAL ASSETS | $393M |
| Account Payables | $46M |
| Short-Term Debt | $40.2K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $670M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$413M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $285M |
| Minority Interest | $0 |
| TOTAL EQUITY | $285M |
| TOTAL LIABILITIES & EQUITY | $393M |
| Total Debt | $7M |
| Net Debt | -$3M |
