| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $25M | $144M | 8.6% | -81.2% |
| Op. Income | -$617.4K | $32M | $72M | -101.9% | -100.9% |
| Gross Margin | 78.0% | 85.3% | 100.0% | -7.2pp | -22.0pp |
| Net Margin | -4.8% | 126.9% | 46.0% | -131.6pp | -50.8pp |
| EPS (Diluted) | $-0.00 | $0.09 | $0.20 | -104.0% | -101.8% |
| Free Cash Flow | -$3M | -$57M | $15M | 95.0% | -118.8% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $7M |
| Other Expenses | $14M |
| Operating Expenses | $22M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$617.4K |
| Interest Income | $0 |
| Interest Expense | $84.2K |
| Other Income/Expenses | -$394.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $270.6K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $331.7K |
| EBIT | -$897.2K |
| EBITDA | -$565.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $338.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $11.2K |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $254M |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | $216M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $15.7K |
| Goodwill | $40M |
| Intangible Assets | $1M |
| Long-Term Investments | $240M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $302M |
| TOTAL ASSETS | $874M |
| Account Payables | $780M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $805M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $805M |
| Common Stock | $171M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$135M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $26M |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $1M |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $874M |
| Total Debt | $7M |
| Net Debt | -$19M |
