| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $136M | $138M | 1.5% | 0.0% |
| Op. Income | -$17M | -$12M | -$24M | -34.0% | 31.8% |
| Gross Margin | 43.1% | 44.3% | 45.0% | -1.2pp | -2.0pp |
| Net Margin | -12.1% | -9.6% | -18.6% | -2.5pp | 6.5pp |
| EPS (Diluted) | $-0.20 | $-0.18 | $-0.36 | -11.1% | 44.4% |
| Free Cash Flow | -$8M | $304.0K | -$5M | -2861.2% | -55.4% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $59M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $155M |
| OPERATING INCOME | -$17M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $916.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $11M |
| EBIT | -$13M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $118M |
| NET CASH FROM FINANCING | $118M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $184M |
| Net Receivables | $158M |
| Inventory | $165M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $615M |
| PP&E (Net) | $221M |
| Goodwill | $102M |
| Intangible Assets | $106M |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $524M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $166M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $469.0K |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $237M |
| Common Stock | $238.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $902M |
| Minority Interest | $0 |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $31M |
| Net Debt | -$40M |
