| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $87M | $71M | 17.9% | 45.6% |
| Op. Income | $9M | -$5M | -$11M | 296.9% | 184.7% |
| Gross Margin | 69.0% | 67.1% | 60.9% | 1.9pp | 8.1pp |
| Net Margin | 10.5% | -7.5% | -41.4% | 18.0pp | 51.9pp |
| EPS (Diluted) | $0.36 | $-0.23 | $-1.10 | 256.5% | 132.7% |
| Free Cash Flow | $8M | $4M | -$6M | 98.6% | 237.5% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $71M |
| R&D Expenses | $15M |
| Selling & Marketing | $19M |
| General & Administrative | $27M |
| SG&A Expenses | $46M |
| Other Expenses | $688.0K |
| Operating Expenses | $62M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $817.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$246.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $71M |
| R&D Expenses | $15M |
| Selling & Marketing | $19M |
| General & Administrative | $27M |
| SG&A Expenses | $46M |
| Other Expenses | $688.0K |
| Operating Expenses | $62M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $817.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$246.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$245.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$853.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $65.0K |
| NET CASH FROM FINANCING | $346.0K |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $60M |
| Net Receivables | $48M |
| Inventory | $12M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $65M |
| Goodwill | $13M |
| Intangible Assets | $177M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $464M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $747.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $812.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $277M |
| Minority Interest | $0 |
| TOTAL EQUITY | $277M |
| TOTAL LIABILITIES & EQUITY | $464M |
| Total Debt | $114M |
| Net Debt | $40M |
