| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $14M | $15M | -14.5% | -19.5% |
| Op. Income | -$10M | -$20M | -$38M | 48.3% | 73.2% |
| Gross Margin | 70.9% | 78.6% | 67.5% | -7.7pp | 3.4pp |
| Net Margin | -78.1% | -136.8% | -256.6% | 58.7pp | 178.5pp |
| EPS (Diluted) | $-0.32 | $-0.67 | $-1.55 | 52.2% | 79.4% |
| Free Cash Flow | -$16M | -$1M | -$74M | -1167.6% | 78.9% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $9M |
| R&D Expenses | $6M |
| Selling & Marketing | $5M |
| General & Administrative | $8M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$10M |
| Interest Income | $651.0K |
| Interest Expense | $84.0K |
| Other Income/Expenses | $208.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$526.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $708.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $708.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $143.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $26M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $3M |
| Goodwill | $19M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $128M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$57M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $128M |
| Total Debt | $2M |
| Net Debt | -$11M |
