| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $2M | 13.8% | 54.9% |
| Op. Income | $947.0K | $604.0K | $258.0K | 56.8% | 267.1% |
| Gross Margin | 74.9% | 75.1% | 73.2% | -0.2pp | 1.7pp |
| Net Margin | 20.4% | 15.0% | 11.9% | 5.4pp | 8.5pp |
| EPS (Diluted) | $0.28 | $0.19 | $0.11 | 47.4% | 154.5% |
| Free Cash Flow | $619.0K | $265.0K | $46.0K | 133.6% | 1245.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $886.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $265.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $947.0K |
| Interest Income | $27.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $27.0K |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $242.0K |
| Net Income from Continuing Ops | $732.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $720.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720.0K |
| D&A | $26.0K |
| EBIT | $947.0K |
| EBITDA | $973.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $886.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $265.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $947.0K |
| Interest Income | $27.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $27.0K |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $242.0K |
| Net Income from Continuing Ops | $732.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $720.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720.0K |
| D&A | $26.0K |
| EBIT | $947.0K |
| EBITDA | $973.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $720.0K |
| Depreciation & Amortization | $26.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $195.0K |
| Other Non-Cash Items | $83.0K |
| Change in Working Capital | -$395.0K |
| OPERATING CASH FLOW | $629.0K |
| Capital Expenditure | -$10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4.0K |
| NET CASH FROM INVESTING | -$15.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48.0K |
| FREE CASH FLOW | $619.0K |
| Net Change in Cash | $662.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $953.0K |
| Other Current Assets | $485.0K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $81.0K |
| Tax Assets | $4M |
| Other Non-Current Assets | $15.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $13M |
| Account Payables | $424.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $84.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $514.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$94M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $56.0K |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $1M |
| Net Debt | -$2M |
