| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $77M | $68M | 3.4% | 16.1% |
| Op. Income | $14M | $5M | $4M | 212.9% | 242.9% |
| Gross Margin | 61.7% | 61.7% | 63.3% | 0.1pp | -1.5pp |
| Net Margin | 14.8% | 6.4% | 2.0% | 8.4pp | 12.8pp |
| EPS (Diluted) | $0.41 | $0.17 | $0.05 | 141.2% | 748.9% |
| Free Cash Flow | $15M | -$5M | $6M | 401.2% | 152.5% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $49M |
| R&D Expenses | $18M |
| Selling & Marketing | $10M |
| General & Administrative | $10M |
| SG&A Expenses | $20M |
| Other Expenses | -$3M |
| Operating Expenses | $35M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $14M |
| Interest Income | $346.0K |
| Interest Expense | $56.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $49M |
| R&D Expenses | $18M |
| Selling & Marketing | $10M |
| General & Administrative | $10M |
| SG&A Expenses | $20M |
| Other Expenses | -$3M |
| Operating Expenses | $35M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $14M |
| Interest Income | $346.0K |
| Interest Expense | $56.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$217.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$217.0K |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $182.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $777.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $8M |
| Other Current Assets | $347.0K |
| TOTAL CURRENT ASSETS | $118M |
| PP&E (Net) | $30M |
| Goodwill | $134M |
| Intangible Assets | $70M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $308M |
| TOTAL ASSETS | $426M |
| Account Payables | $13M |
| Short-Term Debt | $5M |
| Deferred Revenue | $63M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | -$10M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $129M |
| Common Stock | $10M |
| Additional Paid-In Capital | $121M |
| Retained Earnings | $178M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $297M |
| Minority Interest | $0 |
| TOTAL EQUITY | $297M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $36M |
| Net Debt | -$23M |
