| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $54M | $68M | 30.4% | 4.2% |
| Op. Income | -$5M | -$8M | -$12M | 34.7% | 59.2% |
| Gross Margin | 25.1% | 22.1% | 24.1% | 3.0pp | 1.0pp |
| Net Margin | -5.3% | -6.4% | -16.7% | 1.1pp | 11.4pp |
| EPS (Diluted) | $-0.05 | $-0.04 | $-0.15 | -15.0% | 69.1% |
| Free Cash Flow | -$7M | -$8M | -$9M | 9.9% | 26.6% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $18M |
| R&D Expenses | $915.0K |
| Selling & Marketing | $2M |
| General & Administrative | $20M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $21.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $64.0K |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $55M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $42M |
| Goodwill | $44M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $258M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $411M |
| Retained Earnings | -$194M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $223M |
| Minority Interest | $0 |
| TOTAL EQUITY | $223M |
| TOTAL LIABILITIES & EQUITY | $258M |
| Total Debt | $9M |
| Net Debt | -$50M |
