| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $33M | $34M | 18.0% | 12.9% |
| Op. Income | -$13M | -$21M | -$580M | 36.9% | 97.7% |
| Gross Margin | 33.4% | 32.4% | 27.6% | 0.9pp | 5.8pp |
| Net Margin | 527.8% | -76.9% | -1712.6% | 604.7pp | 2240.4pp |
| EPS (Diluted) | $-1.79 | $-3.05 | $-71.81 | 41.3% | 97.5% |
| Free Cash Flow | -$18M | $5M | -$12M | -458.6% | -48.4% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $13M |
| R&D Expenses | $10M |
| Selling & Marketing | $7M |
| General & Administrative | $9M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $216M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $475.0K |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $218M |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $11M |
| EBIT | $207M |
| EBITDA | $218M |
| EPS | $24 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | $203M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$216M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | $4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $5M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $135M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $280M |
| TOTAL ASSETS | $379M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $310M |
| Deferred Revenue NC | $84M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $481M |
| TOTAL LIABILITIES | $593M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $348.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$214M |
| Minority Interest | $578.0K |
| TOTAL EQUITY | -$213M |
| TOTAL LIABILITIES & EQUITY | $379M |
| Total Debt | $322M |
| Net Debt | $281M |
