| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $33M | $27M | 7.4% | 29.9% |
| Op. Income | -$27M | -$24M | -$25M | -12.6% | -6.2% |
| Gross Margin | 45.2% | 41.3% | 33.7% | 3.9pp | 11.5pp |
| Net Margin | -58.8% | -67.5% | -88.4% | 8.7pp | 29.6pp |
| EPS (Diluted) | $-0.38 | $-0.42 | $-0.53 | 9.5% | 28.3% |
| Free Cash Flow | -$2M | -$5M | -$22M | 59.5% | 90.0% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $16M |
| R&D Expenses | $17M |
| Selling & Marketing | $7M |
| General & Administrative | $19M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$27M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$4M |
| NET INCOME | -$21M |
| D&A | $3M |
| EBIT | -$24M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $721.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$889.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$275.0K |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $150M |
| Net Receivables | $19M |
| Inventory | $14M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $273M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $322M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $37M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $919.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$956M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$546.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $322M |
| Total Debt | $18M |
| Net Debt | -$58M |
