| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $177M | $161M | 4.2% | 14.6% |
| Op. Income | -$4M | $4M | $8M | -186.1% | -151.2% |
| Gross Margin | 65.7% | 63.8% | 63.7% | 1.9pp | 1.9pp |
| Net Margin | -0.5% | 6.3% | 3.2% | -6.8pp | -3.7pp |
| EPS (Diluted) | $-0.01 | $0.07 | $0.03 | -108.6% | -120.0% |
| Free Cash Flow | $30M | -$12M | $31M | 346.1% | -3.2% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $121M |
| R&D Expenses | $21M |
| Selling & Marketing | $48M |
| General & Administrative | $43M |
| SG&A Expenses | $92M |
| Other Expenses | $13M |
| Operating Expenses | $125M |
| Cost & Expenses | $188M |
| OPERATING INCOME | -$4M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$961.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$961.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$961.0K |
| D&A | $24M |
| EBIT | -$2M |
| EBITDA | $23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$961.0K |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$712.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$16.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $496.0K |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $0 |
| Net Receivables | $144M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $503M |
| PP&E (Net) | $206M |
| Goodwill | $393M |
| Intangible Assets | $40M |
| Long-Term Investments | $15M |
| Tax Assets | $20.0K |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $695M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $342M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $506M |
| Long-Term Debt | $336M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $444M |
| TOTAL LIABILITIES | $950M |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | -$43M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $352M |
| Net Debt | $68M |
