| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $66M | $61M | 10.7% | 20.1% |
| Op. Income | -$18M | -$23M | -$40M | 21.1% | 54.6% |
| Gross Margin | 57.6% | 55.2% | 52.9% | 2.4pp | 4.7pp |
| Net Margin | -30.8% | -19.1% | -63.3% | -11.7pp | 32.5pp |
| EPS (Diluted) | $-0.07 | $-0.04 | $-0.13 | -76.5% | 42.8% |
| Free Cash Flow | $49M | $7M | -$29M | 568.3% | 271.5% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $42M |
| R&D Expenses | $24M |
| Selling & Marketing | $18M |
| General & Administrative | $18M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $497.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $11M |
| EBIT | -$18M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $90M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $355M |
| PP&E (Net) | $147M |
| Goodwill | $139M |
| Intangible Assets | $27M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $341M |
| TOTAL ASSETS | $696M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $148M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $261M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $436M |
| Minority Interest | $0 |
| TOTAL EQUITY | $436M |
| TOTAL LIABILITIES & EQUITY | $696M |
| Total Debt | $18M |
| Net Debt | -$170M |
