| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $163M | $145M | $139M | 12.2% | 17.5% |
| Op. Income | -$9M | -$11M | -$10M | 15.9% | 8.6% |
| Gross Margin | 98.1% | 97.8% | 97.8% | 0.3pp | 0.3pp |
| Net Margin | -4.7% | -6.3% | -4.2% | 1.6pp | -0.5pp |
| EPS (Diluted) | $-0.12 | $-0.13 | $-0.08 | 9.1% | -40.8% |
| Free Cash Flow | -$9M | -$18M | -$5M | 49.7% | -63.8% |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $145M |
| General & Administrative | $9M |
| SG&A Expenses | $154M |
| Other Expenses | $15M |
| Operating Expenses | $169M |
| Cost & Expenses | $172M |
| OPERATING INCOME | -$9M |
| Interest Income | $619.7K |
| Interest Expense | $3.5K |
| Other Income/Expenses | $432.6K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $260.7K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$95.9K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$413.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26.9K |
| NET CASH FROM FINANCING | -$440.8K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $89M |
| Inventory | $0 |
| Other Current Assets | $211.6K |
| TOTAL CURRENT ASSETS | $227M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $53M |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $125M |
| TOTAL ASSETS | $352M |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $696.8K |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $175M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$907M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $806M |
| Other Equity | $143M |
| TOTAL STOCKHOLDERS' EQUITY | $217M |
| Minority Interest | $0 |
| TOTAL EQUITY | $217M |
| TOTAL LIABILITIES & EQUITY | $352M |
| Total Debt | $44M |
| Net Debt | -$87M |
