| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | $107M | $96M | 2.7% | 14.5% |
| Op. Income | $7M | $7M | $7M | 2.2% | 4.2% |
| Gross Margin | 47.2% | 49.5% | 53.3% | -2.3pp | -6.1pp |
| Net Margin | 4.4% | 4.4% | 4.9% | -0.0pp | -0.5pp |
| EPS (Diluted) | $0.20 | $0.19 | $0.19 | 5.3% | 5.3% |
| Free Cash Flow | $54M | $73M | $43M | -26.0% | 25.9% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $38M |
| SG&A Expenses | $43M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $7M |
| Interest Income | $108M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $249.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $38M |
| SG&A Expenses | $43M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $7M |
| Interest Income | $108M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $249.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $249.0K |
| Stock-Based Compensation | $644.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$124.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$167M |
| NET CASH FROM INVESTING | -$167M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $89M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | -$3.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$19M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $3.8B |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $27M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $277M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $303M |
| Minority Interest | $0 |
| TOTAL EQUITY | $303M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $3.4B |
| Net Debt | $3.3B |
