| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $91M | $88M | $71M | 3.1% | 26.8% |
| Op. Income | $18M | $6M | $15M | 187.7% | 19.4% |
| Gross Margin | 59.2% | 55.7% | 57.2% | 3.5pp | 2.0pp |
| Net Margin | 15.5% | 8.3% | 16.8% | 7.2pp | -1.2pp |
| EPS (Diluted) | $0.83 | $0.43 | $0.81 | 93.0% | 2.5% |
| Free Cash Flow | $5M | -$727.0K | $13M | 725.3% | -65.6% |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $16M |
| Operating Expenses | $36M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $18M |
| Interest Income | $79M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $18M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $16M |
| Operating Expenses | $36M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $18M |
| Interest Income | $79M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $18M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$681.0K |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | -$42M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$83M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $839M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $953M |
| PP&E (Net) | $53M |
| Goodwill | $152M |
| Intangible Assets | $46M |
| Long-Term Investments | $5.4B |
| Tax Assets | $57M |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $0 |
| Short-Term Debt | $599M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $214M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $516M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $652M |
| Minority Interest | $0 |
| TOTAL EQUITY | $652M |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $661M |
| Net Debt | $547M |
