| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $245M | $247M | 0.8% | 0.2% |
| Op. Income | $20M | $31M | $5M | -34.5% | 307.5% |
| Gross Margin | 23.0% | 30.1% | 16.5% | -7.2pp | 6.4pp |
| Net Margin | 6.8% | 10.3% | 1.7% | -3.5pp | 5.1pp |
| EPS (Diluted) | $0.46 | $0.70 | $0.13 | -34.3% | 253.8% |
| Free Cash Flow | $12M | $26M | $22M | -52.9% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $336.7K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $912.5K |
| EBIT | $21M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $336.7K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $912.5K |
| EBIT | $21M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $912.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$225.7K |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $411M |
| Net Receivables | $626M |
| Inventory | $0 |
| Other Current Assets | -$1.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $2M |
| Goodwill | $6M |
| Intangible Assets | $958.0K |
| Long-Term Investments | $1.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.4B |
| Account Payables | $3M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$41M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $395.1K |
| Additional Paid-In Capital | $384M |
| Retained Earnings | $280M |
| Treasury Stock | -$41M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $606M |
| Minority Interest | $0 |
| TOTAL EQUITY | $606M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $35M |
| Net Debt | -$22M |
