| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $89M | $75M | 4.6% | 23.2% |
| Op. Income | -$42M | -$35M | -$49M | -20.0% | 15.0% |
| Gross Margin | 49.6% | 48.3% | 41.0% | 1.3pp | 8.6pp |
| Net Margin | -42.4% | -35.6% | -60.4% | -6.8pp | 18.0pp |
| EPS (Diluted) | $-0.66 | $-0.53 | $-0.79 | -24.5% | 16.5% |
| Free Cash Flow | -$17M | -$24M | -$20M | 27.7% | 14.5% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $46M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $134M |
| OPERATING INCOME | -$42M |
| Interest Income | $3M |
| Interest Expense | $143.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $175.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $6M |
| EBIT | -$39M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $831.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $47M |
| Net Receivables | $50M |
| Inventory | $21M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $338M |
| PP&E (Net) | $151M |
| Goodwill | $86M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $257M |
| TOTAL ASSETS | $596M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$662.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $440M |
| Minority Interest | $0 |
| TOTAL EQUITY | $440M |
| TOTAL LIABILITIES & EQUITY | $596M |
| Total Debt | $80M |
| Net Debt | -$130M |
