| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $64M | $69M | -16.1% | -23.0% |
| Op. Income | -$7M | -$1M | -$5M | -568.7% | -31.0% |
| Gross Margin | 74.8% | 71.6% | 54.1% | 3.2pp | 20.8pp |
| Net Margin | -24.4% | -40.6% | -16.5% | 16.2pp | -7.9pp |
| EPS (Diluted) | $-0.51 | $-0.97 | $-0.47 | 47.4% | -8.5% |
| Free Cash Flow | $3M | $8M | $5M | -66.3% | -48.9% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $40M |
| R&D Expenses | $10M |
| Selling & Marketing | $11M |
| General & Administrative | $10M |
| SG&A Expenses | $21M |
| Other Expenses | $16M |
| Operating Expenses | $47M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$171.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $8M |
| EBIT | -$9M |
| EBITDA | -$909.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$454.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$788.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$634.0K |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$186.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $4M |
| Goodwill | $261M |
| Intangible Assets | $77M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $358M |
| TOTAL ASSETS | $442M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $72M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $252M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $457.0K |
| TOTAL NON-CURRENT LIABILITIES | $268M |
| TOTAL LIABILITIES | $358M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $607M |
| Retained Earnings | -$640M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $442M |
| Total Debt | $259M |
| Net Debt | $218M |
