| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $24M | $25M | -19.7% | -24.5% |
| Op. Income | -$19M | -$25M | -$12M | 25.2% | -54.1% |
| Gross Margin | 48.9% | 36.8% | 43.0% | 12.1pp | 5.9pp |
| Net Margin | 621.2% | -86.5% | -65.2% | 707.7pp | 686.4pp |
| EPS (Diluted) | $3.72 | $-0.77 | $-0.68 | 583.1% | 650.1% |
| Free Cash Flow | -$39M | -$17M | -$10M | -123.2% | -290.1% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $9M |
| R&D Expenses | $10M |
| Selling & Marketing | $4M |
| General & Administrative | $17M |
| SG&A Expenses | $22M |
| Other Expenses | -$3M |
| Operating Expenses | $28M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$19M |
| Interest Income | $646.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $140M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$430.0K |
| NET INCOME | $119M |
| Net Income Deductions | -$94.0K |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $3M |
| EBIT | $123M |
| EBITDA | $126M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$156M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $239M |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $154M |
| Net Debt Issuance | -$115M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $183.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $82M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $80M |
| Goodwill | $15M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $240M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $597M |
| Retained Earnings | -$443M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $149M |
| Minority Interest | $0 |
| TOTAL EQUITY | $149M |
| TOTAL LIABILITIES & EQUITY | $240M |
| Total Debt | $9M |
| Net Debt | -$27M |
