| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $74M | $102M | 31.8% | -4.5% |
| Op. Income | $11M | -$10M | $9M | 213.6% | 20.2% |
| Gross Margin | 57.8% | 49.4% | 55.6% | 8.4pp | 2.2pp |
| Net Margin | 11.8% | -11.4% | 9.7% | 23.2pp | 2.1pp |
| EPS (Diluted) | $0.39 | $-0.30 | $0.34 | 230.0% | 14.7% |
| Free Cash Flow | $27M | -$13M | $44M | 310.1% | -38.1% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $57M |
| R&D Expenses | $25M |
| Selling & Marketing | $9M |
| General & Administrative | $12M |
| SG&A Expenses | $21M |
| Other Expenses | $521.0K |
| Operating Expenses | $46M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $828.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $149.0K |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $57M |
| R&D Expenses | $25M |
| Selling & Marketing | $9M |
| General & Administrative | $12M |
| SG&A Expenses | $21M |
| Other Expenses | $521.0K |
| Operating Expenses | $46M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $828.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $149.0K |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$99.0K |
| Other Non-Cash Items | $416.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$984.0K |
| NET CASH FROM FINANCING | -$97.0K |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $151M |
| Net Receivables | $55M |
| Inventory | $96M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $350M |
| PP&E (Net) | $59M |
| Goodwill | $21M |
| Intangible Assets | $11M |
| Long-Term Investments | $67M |
| Tax Assets | $0 |
| Other Non-Current Assets | $996.0K |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $509M |
| Account Payables | $12M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $284M |
| Deferred Revenue NC | $222.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $572M |
| Retained Earnings | -$386M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $188M |
| Minority Interest | $0 |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $509M |
| Total Debt | $297M |
| Net Debt | $254M |
