| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $89M | $109M | 15.3% | -5.3% |
| Op. Income | -$7M | -$13M | -$13M | 43.5% | 42.9% |
| Gross Margin | 33.6% | 30.6% | 35.4% | 3.0pp | -1.8pp |
| Net Margin | -3.4% | -9.3% | -5.7% | 6.0pp | 2.3pp |
| EPS (Diluted) | $-0.08 | $-0.19 | $-0.13 | 56.5% | 36.5% |
| Free Cash Flow | $20M | -$9M | -$21M | 326.4% | 193.3% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $35M |
| R&D Expenses | $9M |
| Selling & Marketing | $20M |
| General & Administrative | $9M |
| SG&A Expenses | $29M |
| Other Expenses | $4M |
| Operating Expenses | $42M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$7M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$312.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $4M |
| EBIT | -$7M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$413.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$33M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $205M |
| Net Receivables | $163M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $514M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $364M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $610.0K |
| TOTAL NON-CURRENT ASSETS | $393M |
| TOTAL ASSETS | $907M |
| Account Payables | $120M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $162M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $360.0K |
| Additional Paid-In Capital | $503M |
| Retained Earnings | $185M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $688M |
| Minority Interest | $0 |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $907M |
| Total Debt | $23M |
| Net Debt | -$91M |
