| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $41M | $49M | -7.3% | -21.0% |
| Op. Income | -$12M | -$41M | -$7M | 71.7% | -68.9% |
| Gross Margin | 33.1% | 32.8% | 35.7% | 0.3pp | -2.6pp |
| Net Margin | -28.3% | -97.2% | -9.5% | 68.8pp | -18.9pp |
| EPS (Diluted) | $-0.06 | $-0.21 | $-0.02 | 72.6% | -152.2% |
| Free Cash Flow | -$16M | -$16M | -$15M | -3.7% | -8.7% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $13M |
| R&D Expenses | $6M |
| Selling & Marketing | $6M |
| General & Administrative | $12M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$12M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $792.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$33.0K |
| 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 | $2M |
| EBIT | -$12M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $591.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$45.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $33M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $218M |
| PP&E (Net) | $9M |
| Goodwill | $92M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $136M |
| TOTAL ASSETS | $354M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $38M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $96.0K |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $642M |
| Retained Earnings | -$404M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $629.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $239M |
| Minority Interest | $0 |
| TOTAL EQUITY | $239M |
| TOTAL LIABILITIES & EQUITY | $354M |
| Total Debt | $6M |
| Net Debt | -$99M |
