| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $455.0K | $688.0K | $1M | -33.9% | -55.0% |
| Op. Income | -$4M | -$5M | -$3M | 11.5% | -45.2% |
| Gross Margin | 41.8% | 52.2% | 46.5% | -10.4pp | -4.7pp |
| Net Margin | -691.0% | -541.1% | -260.2% | -149.9pp | -430.8pp |
| EPS (Diluted) | $-0.16 | $-0.24 | $-0.32 | 33.3% | 50.0% |
| Free Cash Flow | -$3M | -$3M | -$3M | -3.6% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $455.0K |
| Cost of Revenue | $265.0K |
| GROSS PROFIT | $190.0K |
| R&D Expenses | $970.0K |
| Selling & Marketing | $690.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $1M |
| Interest Expense | $5.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| 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 | $4.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $118.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28.0K |
| Change in Working Capital | -$401.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $379.0K |
| Inventory | $0 |
| Other Current Assets | $564.0K |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $715.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158.0K |
| TOTAL NON-CURRENT ASSETS | $873.0K |
| TOTAL ASSETS | $108M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $885.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $864.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $421M |
| Retained Earnings | -$320M |
| Treasury Stock | -$502.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $101M |
| Minority Interest | $0 |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $780.0K |
| Net Debt | -$105M |
