| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $56M | $51M | 4.8% | 15.6% |
| Op. Income | -$10M | -$9M | -$9M | -9.3% | -10.1% |
| Gross Margin | 71.7% | 71.6% | 71.4% | 0.2pp | 0.3pp |
| Net Margin | -14.9% | -15.8% | -16.9% | 0.9pp | 2.0pp |
| EPS (Diluted) | $-0.11 | $-0.12 | $-0.12 | 8.3% | 8.3% |
| Free Cash Flow | $5M | -$663.0K | $21M | 839.2% | -76.9% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $42M |
| R&D Expenses | $12M |
| Selling & Marketing | $25M |
| General & Administrative | $15M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$10M |
| Interest Income | $435.0K |
| Interest Expense | $537.0K |
| Other Income/Expenses | $369.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$544.0K |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$423.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$26.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $33M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $56M |
| Goodwill | $29M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $204M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $508.0K |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $0 |
| Additional Paid-In Capital | $388M |
| Retained Earnings | -$309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $204M |
| Total Debt | $55M |
| Net Debt | $10M |
