| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $123M | $99M | 8.5% | 34.7% |
| Op. Income | $16M | $14M | $7M | 10.0% | 114.8% |
| Gross Margin | 32.5% | 32.2% | 32.7% | 0.3pp | -0.2pp |
| Net Margin | 9.3% | 9.3% | 5.6% | -0.0pp | 3.7pp |
| EPS (Diluted) | $0.36 | $0.34 | $0.20 | 5.9% | 80.0% |
| Free Cash Flow | $107M | $46M | $71M | 131.1% | 51.9% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $27M |
| Operating Expenses | $27M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $261.0K |
| Other Income/Expenses | $0 |
| 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 | $356.0K |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $27M |
| Operating Expenses | $27M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $261.0K |
| Other Income/Expenses | $0 |
| 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 | $356.0K |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | -$324.0K |
| Stock-Based Compensation | $137.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $133M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $251M |
| Sales/Maturities of Investments | -$105M |
| Other Investing Activities | -$210M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $1.1B |
| Net Receivables | $410M |
| Inventory | $0 |
| Other Current Assets | -$410M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | -$32M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$73M |
| TOTAL CURRENT LIABILITIES | $137.0K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $328.0K |
| Additional Paid-In Capital | $321M |
| Retained Earnings | $87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$548.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $407M |
| Minority Interest | $0 |
| TOTAL EQUITY | $407M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $0 |
| Net Debt | -$166M |
