| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $104M | $63M | 15.5% | 90.5% |
| Op. Income | -$410M | -$493M | -$34M | 16.8% | -1092.1% |
| Gross Margin | 57.3% | 57.5% | 57.6% | -0.1pp | -0.3pp |
| Net Margin | -332.4% | -503.8% | -63.8% | 171.4pp | -268.5pp |
| EPS (Diluted) | $-5.58 | $-7.32 | $0.05 | 23.8% | -12363.7% |
| Free Cash Flow | $1M | $8M | -$31M | -81.8% | 104.6% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $69M |
| R&D Expenses | $3M |
| Selling & Marketing | $37M |
| General & Administrative | $19M |
| SG&A Expenses | $56M |
| Other Expenses | $420M |
| Operating Expenses | $479M |
| Cost & Expenses | $530M |
| OPERATING INCOME | -$410M |
| Interest Income | $62.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$418M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | -$399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$399M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$399M |
| D&A | $26M |
| EBIT | -$415M |
| EBITDA | -$389M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$399M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $389M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$51.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $17M |
| Goodwill | $135M |
| Intangible Assets | $768M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $928M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $62M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $253M |
| TOTAL LIABILITIES | $428M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$998M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $669M |
| Minority Interest | $0 |
| TOTAL EQUITY | $669M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $138M |
| Net Debt | $76M |
