| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $31M | $28M | 17.5% | 26.2% |
| Op. Income | -$10M | -$9M | -$9M | -9.5% | -14.3% |
| Gross Margin | 33.2% | 39.8% | 34.1% | -6.6pp | -0.9pp |
| Net Margin | -26.5% | -28.1% | -27.2% | 1.6pp | 0.8pp |
| EPS (Diluted) | $-0.13 | $-0.12 | $-0.11 | -8.3% | -18.2% |
| Free Cash Flow | $7M | $6M | -$11M | 13.9% | 160.1% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $12M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $141.0K |
| Other Income/Expenses | $412.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $3M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $31.0K |
| Other Non-Cash Items | $3.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$134.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$462.0K |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$958.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$793.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $4M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $9M |
| Goodwill | $18M |
| Intangible Assets | $32M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $165M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $840.0K |
| Other Non-Current Liabilities | $101.0K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $464M |
| Retained Earnings | -$345M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $165M |
| Total Debt | $9M |
| Net Debt | -$48M |
