| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $60M | $44M | 15.2% | 58.4% |
| Op. Income | -$25M | -$28M | -$32M | 12.4% | 23.9% |
| Gross Margin | 51.9% | 50.3% | 49.1% | 1.6pp | 2.8pp |
| Net Margin | -29.0% | -39.6% | -61.0% | 10.6pp | 32.0pp |
| EPS (Diluted) | $-0.84 | $-1.01 | $-1.16 | 16.8% | 27.6% |
| Free Cash Flow | -$3M | -$1M | -$3M | -96.1% | 1.2% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $36M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $2M |
| Operating Expenses | $61M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$25M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $35.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $10M |
| EBIT | -$23M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$511M |
| Sales/Maturities of Investments | -$177M |
| Other Investing Activities | $423M |
| NET CASH FROM INVESTING | -$284M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | $402M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $624M |
| Net Receivables | $27M |
| Inventory | $84M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $919M |
| PP&E (Net) | $106M |
| Goodwill | $87M |
| Intangible Assets | $156M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $350M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $168M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$226M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $5M |
| Net Debt | -$167M |
