| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $28M | $27M | -8.7% | -4.0% |
| Op. Income | -$3M | -$1M | -$491.0K | -144.4% | -499.4% |
| Gross Margin | 53.3% | 58.5% | 60.0% | -5.2pp | -6.7pp |
| Net Margin | -12.1% | -5.2% | -2.8% | -6.8pp | -9.3pp |
| EPS (Diluted) | $-0.25 | $-0.12 | $-0.06 | -108.3% | -325.2% |
| Free Cash Flow | -$3M | -$1M | $3M | -153.4% | -194.9% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $14M |
| R&D Expenses | $4M |
| Selling & Marketing | $7M |
| General & Administrative | $6M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $20.0K |
| Other Income/Expenses | -$91.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $86.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$516.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2.0K |
| Other Non-Cash Items | $255.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$470.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $424.0K |
| NET CASH FROM FINANCING | -$46.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $22M |
| Goodwill | $34M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $135M |
| Account Payables | $3M |
| Short-Term Debt | $4M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $60M |
| Common Stock | $64.0K |
| Additional Paid-In Capital | $184M |
| Retained Earnings | -$109M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$360.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $6M |
| Net Debt | -$3M |
