| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $49M | $60M | 8.4% | -12.3% |
| Op. Income | $3M | -$2M | $5M | 244.5% | -46.2% |
| Gross Margin | 100.0% | 4.1% | 100.0% | 95.9pp | 0.0pp |
| Net Margin | -0.3% | -5.5% | -0.5% | 5.2pp | 0.2pp |
| EPS (Diluted) | $-0.09 | $-1.50 | $-0.18 | 94.3% | 52.3% |
| Free Cash Flow | $2M | -$4M | $6M | 158.0% | -55.3% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76.6K |
| SG&A Expenses | $76.6K |
| Other Expenses | $50M |
| Operating Expenses | $50M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $129.8K |
| Income Tax Expense | $284.0K |
| Net Income from Continuing Ops | -$154.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$154.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$154.2K |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$154.2K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $76.6K |
| Deferred Income Tax | $274.1K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$573.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$573.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$17.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$975.0K |
| NET CASH FROM FINANCING | -$992.9K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $75M |
| Goodwill | $0 |
| Intangible Assets | $387M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $475M |
| TOTAL ASSETS | $548M |
| Account Payables | $26M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $239M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $338M |
| TOTAL LIABILITIES | $404M |
| Common Stock | $34.9K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $16M |
| Treasury Stock | -$29M |
| Accum. Other Comp. Income | $771.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $145M |
| Minority Interest | $0 |
| TOTAL EQUITY | $145M |
| TOTAL LIABILITIES & EQUITY | $548M |
| Total Debt | $280M |
| Net Debt | $266M |
