| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $122M | $116M | 29.4% | 35.0% |
| Op. Income | -$8M | -$5M | -$20M | -61.7% | 59.5% |
| Gross Margin | 78.3% | 79.1% | 76.7% | -0.8pp | 1.5pp |
| Net Margin | -1.6% | -0.6% | -9.9% | -1.0pp | 8.2pp |
| EPS (Diluted) | $-0.03 | $-0.01 | $-0.11 | -244.8% | 74.0% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $123M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $165M |
| OPERATING INCOME | -$8M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$110.4K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$918.6K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $51M |
| Net Receivables | $33M |
| Inventory | $57M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $36M |
| Goodwill | $23M |
| Intangible Assets | $85M |
| Long-Term Investments | $97M |
| Tax Assets | $218.4K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $591M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $981.0K |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$182M |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $452M |
| Minority Interest | $7M |
| TOTAL EQUITY | $459M |
| TOTAL LIABILITIES & EQUITY | $591M |
| Total Debt | $26M |
| Net Debt | -$113M |
