| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $181M | $193M | 21.7% | 14.5% |
| Op. Income | $4M | -$20M | -$15.0K | 121.6% | 28273.3% |
| Gross Margin | 49.6% | 45.4% | 47.4% | 4.1pp | 2.1pp |
| Net Margin | -5.0% | -14.5% | -8.7% | 9.4pp | 3.7pp |
| EPS (Diluted) | $-0.06 | $-0.15 | $-0.10 | 58.1% | 35.1% |
| Free Cash Flow | -$6M | -$16M | -$13M | 58.7% | 50.1% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $109M |
| R&D Expenses | $45M |
| Selling & Marketing | $33M |
| General & Administrative | $17M |
| SG&A Expenses | $49M |
| Other Expenses | $11M |
| Operating Expenses | $105M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $4M |
| Interest Income | $322.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $16M |
| EBIT | $2M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$795.0K |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$875.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $249M |
| Inventory | $80M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $114M |
| Goodwill | $301M |
| Intangible Assets | $165M |
| Long-Term Investments | $0 |
| Tax Assets | $99M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $708M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $89M |
| Short-Term Debt | $9M |
| Deferred Revenue | $115M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $314M |
| Long-Term Debt | $328M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $458M |
| TOTAL LIABILITIES | $772M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $370M |
| Minority Interest | $0 |
| TOTAL EQUITY | $370M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $409M |
| Net Debt | $349M |
