| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $30M | — | 1.2% | — |
| Op. Income | $33M | $26M | — | 28.5% | — |
| Gross Margin | 83.5% | 87.9% | — | -4.4pp | — |
| Net Margin | 107.6% | 79.6% | — | 27.9pp | — |
| EPS (Diluted) | $0.49 | $0.33 | — | 48.5% | — |
| Free Cash Flow | -$66M | $150M | — | -144.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$19M |
| Operating Expenses | -$8M |
| Cost & Expenses | -$3M |
| OPERATING INCOME | $33M |
| Interest Income | $322.1K |
| Interest Expense | $948.9K |
| Other Income/Expenses | -$576.6K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $362.3K |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $2M |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$19M |
| Operating Expenses | -$8M |
| Cost & Expenses | -$3M |
| OPERATING INCOME | $33M |
| Interest Income | $322.1K |
| Interest Expense | $948.9K |
| Other Income/Expenses | -$576.6K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $362.3K |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $2M |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $39.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$58M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31.2K |
| NET CASH FROM INVESTING | -$122.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $114M |
| NET CASH FROM FINANCING | $102M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $1.4B |
| Net Receivables | $3M |
| Inventory | $2.5B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $3M |
| Goodwill | $3M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $6.2B |
| Account Payables | $2M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3 |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $43.7K |
| Additional Paid-In Capital | $41M |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $369M |
| TOTAL STOCKHOLDERS' EQUITY | $410M |
| Minority Interest | $0 |
| TOTAL EQUITY | $410M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $72M |
| Net Debt | -$1M |
