| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $82M | $79M | -1.6% | 3.0% |
| Op. Income | -$13M | -$17M | -$14M | 23.8% | 8.4% |
| Gross Margin | 49.0% | 49.1% | 52.1% | -0.1pp | -3.1pp |
| Net Margin | -14.4% | -16.9% | -12.1% | 2.5pp | -2.3pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.05 | 14.9% | -33.6% |
| Free Cash Flow | $5M | $4M | $4M | 46.9% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $40M |
| R&D Expenses | $17M |
| Selling & Marketing | $21M |
| General & Administrative | $14M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$13M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $2M |
| 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 | $875.0K |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $875.0K |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $74M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $387M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $445M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$472M |
| Treasury Stock | -$198M |
| Accum. Other Comp. Income | $977.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $338M |
| Minority Interest | $0 |
| TOTAL EQUITY | $338M |
| TOTAL LIABILITIES & EQUITY | $445M |
| Total Debt | $27M |
| Net Debt | -$238M |
