| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $131M | $144M | 28.9% | 17.1% |
| Op. Income | $25M | $19M | $30M | 30.2% | -16.2% |
| Gross Margin | 36.3% | 36.7% | 40.6% | -0.4pp | -4.3pp |
| Net Margin | 13.6% | 14.4% | 13.2% | -0.8pp | 0.3pp |
| EPS (Diluted) | $0.38 | $0.31 | $0.32 | 22.6% | 18.8% |
| Free Cash Flow | $21M | -$10M | $27M | 301.4% | -21.7% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $206.0K |
| EBIT | $25M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $206.0K |
| EBIT | $25M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $206.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$644.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$949.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$949.0K |
| Net Debt Issuance | -$3.0K |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $85M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $387M |
| PP&E (Net) | $16M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $421M |
| Account Payables | $26M |
| Short-Term Debt | $8.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $639.0K |
| Additional Paid-In Capital | $179M |
| Retained Earnings | $198M |
| Treasury Stock | -$82M |
| Accum. Other Comp. Income | $826.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $297M |
| Minority Interest | $0 |
| TOTAL EQUITY | $297M |
| TOTAL LIABILITIES & EQUITY | $421M |
| Total Debt | $15M |
| Net Debt | -$154M |
