| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $30M | $27M | 5.6% | 14.7% |
| Op. Income | -$17M | -$16M | -$31M | -2.8% | 45.2% |
| Gross Margin | 37.8% | 37.2% | 35.7% | 0.6pp | 2.1pp |
| Net Margin | -59.0% | -86.7% | -125.8% | 27.6pp | 66.8pp |
| EPS (Diluted) | $-1.04 | $-7.44 | $-9.96 | 86.0% | 89.6% |
| Free Cash Flow | -$5M | -$26M | -$33M | 80.2% | 84.7% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $12M |
| R&D Expenses | $5M |
| Selling & Marketing | $14M |
| General & Administrative | $9M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$17M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $104.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $529.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$292.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$384.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $145M |
| Net Receivables | $35M |
| Inventory | $52M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $276M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $289M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $587.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $49.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155M |
| Minority Interest | $0 |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $289M |
| Total Debt | $98M |
| Net Debt | -$36M |
