| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $155M | $153M | 11.6% | 12.9% |
| Op. Income | $30M | -$39M | -$42M | 176.6% | 172.2% |
| Gross Margin | 72.3% | 68.1% | 68.1% | 4.3pp | 4.3pp |
| Net Margin | 20.0% | -22.2% | -24.8% | 42.2pp | 44.7pp |
| EPS (Diluted) | $0.28 | $-0.28 | $-0.32 | 200.0% | 187.5% |
| Free Cash Flow | $16M | $32M | $4M | -50.3% | 345.8% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $125M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | -$41M |
| Operating Expenses | $95M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $30M |
| Interest Income | $4M |
| Interest Expense | $3.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $10M |
| EBIT | $37M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $125M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | -$41M |
| Operating Expenses | $95M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $30M |
| Interest Income | $4M |
| Interest Expense | $3.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $10M |
| EBIT | $37M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$351.0K |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$939.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $398M |
| Short-Term Investments | $50M |
| Net Receivables | $119M |
| Inventory | $69M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $656M |
| PP&E (Net) | $302M |
| Goodwill | $5M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $324M |
| TOTAL ASSETS | $980M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $207M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $220.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $773M |
| Minority Interest | $0 |
| TOTAL EQUITY | $773M |
| TOTAL LIABILITIES & EQUITY | $980M |
| Total Debt | $87M |
| Net Debt | -$311M |
