| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $35M | $33M | 6.7% | 11.3% |
| Op. Income | $5M | -$17M | $3M | 130.5% | 61.7% |
| Gross Margin | 66.8% | 15.3% | 63.2% | 51.5pp | 3.6pp |
| Net Margin | 10.4% | -33.3% | 7.1% | 43.8pp | 3.4pp |
| EPS (Diluted) | $0.19 | $-0.58 | $0.12 | 132.8% | 58.3% |
| Free Cash Flow | -$3M | -$4M | -$1M | 14.7% | -129.1% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $10M |
| Operating Expenses | $20M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $5M |
| Interest Income | $32M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $0 |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $10M |
| Operating Expenses | $20M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $5M |
| Interest Income | $32M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $0 |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $733.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$967.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $308M |
| NET CASH FROM FINANCING | $243M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $226M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $172M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $490M |
| PP&E (Net) | $29M |
| Goodwill | $12M |
| Intangible Assets | $3M |
| Long-Term Investments | $2.3B |
| Tax Assets | $11M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $0 |
| Short-Term Debt | $150M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $138M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $173M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $208M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $191M |
| Minority Interest | $0 |
| TOTAL EQUITY | $191M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $288M |
| Net Debt | -$21M |
