| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $30M | $28M | -3.3% | 5.7% |
| Op. Income | -$710.0K | $8M | -$5M | -108.9% | 84.6% |
| Gross Margin | 80.8% | 79.7% | 79.7% | 1.1pp | 1.0pp |
| Net Margin | -43.2% | 5.3% | -37.9% | -48.5pp | -5.3pp |
| EPS (Diluted) | $-0.50 | $0.03 | $-0.42 | -1702.6% | -19.0% |
| Free Cash Flow | $10M | $10M | $10M | -1.6% | 0.3% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $20M |
| Operating Expenses | $24M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$710.0K |
| Interest Income | $5.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $11M |
| EBIT | -$6M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$441.0K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$64.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $913M |
| TOTAL NON-CURRENT ASSETS | $918M |
| TOTAL ASSETS | $966M |
| Account Payables | $0 |
| Short-Term Debt | $226M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $283M |
| TOTAL LIABILITIES | $528M |
| Common Stock | $284.0K |
| Additional Paid-In Capital | $712M |
| Retained Earnings | $75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$350M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $438M |
| Minority Interest | $0 |
| TOTAL EQUITY | $438M |
| TOTAL LIABILITIES & EQUITY | $966M |
| Total Debt | $504M |
| Net Debt | $499M |
