| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $121M | $73M | 16.8% | 92.1% |
| Op. Income | $35M | $9M | $9M | 304.1% | 295.2% |
| Gross Margin | 86.6% | 87.1% | 88.7% | -0.6pp | -2.1pp |
| Net Margin | 20.0% | 4.2% | 9.4% | 15.8pp | 10.6pp |
| EPS (Diluted) | $0.17 | $0.03 | $0.04 | 446.6% | 293.5% |
| Free Cash Flow | $7M | -$29M | $6M | 125.7% | 33.6% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $122M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $59.0K |
| EBIT | $38M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $122M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $59.0K |
| EBIT | $38M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $59.0K |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$430.0K |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$42.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $432.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $123M |
| Net Receivables | $232M |
| Inventory | $155M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $664M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $703M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $245M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $426M |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $276M |
| Minority Interest | $0 |
| TOTAL EQUITY | $276M |
| TOTAL LIABILITIES & EQUITY | $703M |
| Total Debt | $254M |
| Net Debt | $125M |
