| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $39M | $38M | -1.3% | 2.7% |
| Op. Income | $19M | $19M | $19M | 3.4% | 1.9% |
| Gross Margin | 55.2% | 53.0% | 56.0% | 2.2pp | -0.7pp |
| Net Margin | 35.5% | 34.7% | 28.5% | 0.8pp | 7.0pp |
| EPS (Diluted) | $0.38 | $0.37 | $0.29 | 2.7% | 31.0% |
| Free Cash Flow | $24M | $18M | $23M | 34.5% | 7.8% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $457.0K |
| SG&A Expenses | $457.0K |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $8M |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $8M |
| EBIT | $20M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $457.0K |
| SG&A Expenses | $457.0K |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $8M |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $8M |
| EBIT | $20M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $700.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$558.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $937.0K |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $88M |
| PP&E (Net) | $749M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $751M |
| TOTAL ASSETS | $839M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | -$399.0K |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $355M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $357M |
| TOTAL LIABILITIES | $393M |
| Common Stock | $373M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $839M |
| Total Debt | $355M |
| Net Debt | $277M |
