| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $83M | $4M | -18.4% | 1403.2% |
| Op. Income | -$3M | $1M | -$9M | -360.8% | 71.4% |
| Gross Margin | 42.6% | 48.5% | -19.9% | -5.9pp | 62.5pp |
| Net Margin | -33.2% | 9.8% | -353.8% | -43.0pp | 320.6pp |
| EPS (Diluted) | $-0.05 | $0.00 | $-0.13 | -9340.0% | 64.5% |
| Free Cash Flow | -$4M | -$3M | -$3M | -68.4% | -45.6% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $1M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$507.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $572.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $91M |
| Inventory | $5M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $116M |
| PP&E (Net) | $6M |
| Goodwill | $20M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $163M |
| Account Payables | $17M |
| Short-Term Debt | $2M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $151M |
| Deferred Revenue NC | $794.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $169M |
| TOTAL LIABILITIES | $270M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $318M |
| Retained Earnings | -$426M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $165.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$107M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$107M |
| TOTAL LIABILITIES & EQUITY | $163M |
| Total Debt | $158M |
| Net Debt | $147M |
