| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $128M | $141M | 3.5% | -6.3% |
| Op. Income | -$19M | -$24M | -$25M | 18.9% | 23.6% |
| Gross Margin | 75.4% | 73.0% | 71.3% | 2.4pp | 4.1pp |
| Net Margin | -29.9% | -21.6% | -22.7% | -8.3pp | -7.3pp |
| EPS (Diluted) | $-4.84 | $-3.42 | $-4.00 | -41.5% | -21.0% |
| Free Cash Flow | -$16M | $10M | -$25M | -254.7% | 34.3% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $100M |
| R&D Expenses | $15M |
| Selling & Marketing | $7M |
| General & Administrative | $48M |
| SG&A Expenses | $55M |
| Other Expenses | $49M |
| Operating Expenses | $119M |
| Cost & Expenses | $152M |
| OPERATING INCOME | -$19M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $32M |
| EBIT | -$25M |
| EBITDA | $7M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | -$814.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$397.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $110M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $10M |
| Goodwill | $317M |
| Intangible Assets | $484M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $825M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $14M |
| Short-Term Debt | $47M |
| Deferred Revenue | $227M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $342M |
| Long-Term Debt | $575M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $643M |
| TOTAL LIABILITIES | $985M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $632M |
| Net Debt | $509M |
