| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $64M | $67M | 11.4% | 5.7% |
| Op. Income | -$5M | -$12M | -$4M | 54.1% | -37.0% |
| Gross Margin | 62.6% | 59.9% | 62.6% | 2.7pp | -0.0pp |
| Net Margin | -7.3% | -14.9% | 2.9% | 7.5pp | -10.3pp |
| EPS (Diluted) | $-0.11 | $-0.20 | $0.04 | 45.0% | -409.9% |
| Free Cash Flow | $9M | $7M | $7M | 26.9% | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $44M |
| R&D Expenses | $9M |
| Selling & Marketing | $25M |
| General & Administrative | $16M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$609.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$862.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $12M |
| EBIT | -$5M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$35.0K |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $27M |
| Net Receivables | $383M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $513M |
| PP&E (Net) | $93M |
| Goodwill | $30M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $675M |
| Account Payables | $361M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $389M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $432M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $299M |
| Retained Earnings | $135M |
| Treasury Stock | -$191M |
| Accum. Other Comp. Income | $161.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $243M |
| Minority Interest | $0 |
| TOTAL EQUITY | $243M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $45M |
| Net Debt | -$45M |
