| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $35M | $37M | 1.7% | -5.4% |
| Op. Income | -$9M | -$10M | -$13M | 12.4% | 29.8% |
| Gross Margin | 75.1% | 73.8% | 74.5% | 1.3pp | 0.6pp |
| Net Margin | -20.6% | -25.1% | -29.9% | 4.5pp | 9.3pp |
| EPS (Diluted) | $-0.17 | $-0.21 | $-0.27 | 19.0% | 37.0% |
| Free Cash Flow | $2M | $2M | $898.0K | 7.0% | 131.1% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $27M |
| R&D Expenses | $9M |
| Selling & Marketing | $18M |
| General & Administrative | $10M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $19.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $176.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$492.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $496.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $142M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $215M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $450.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $235M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$364M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $62.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $235M |
| Total Debt | $2M |
| Net Debt | -$36M |
