| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $106M | $125M | 9.4% | -7.5% |
| Op. Income | $703.0K | -$3M | $3M | 120.1% | -77.5% |
| Gross Margin | 45.2% | 45.1% | 48.2% | 0.1pp | -3.0pp |
| Net Margin | -0.2% | -1.8% | 1.9% | 1.6pp | -2.1pp |
| EPS (Diluted) | $-0.00 | $-0.04 | $0.04 | 87.8% | -112.6% |
| Free Cash Flow | $5M | -$19M | $10M | 124.3% | -55.2% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $4M |
| Operating Expenses | $51M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $703.0K |
| Interest Income | $200.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $903.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$265.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$265.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$265.0K |
| D&A | $4M |
| EBIT | $703.0K |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$265.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $484.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$123.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$123.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $20M |
| Net Receivables | $1M |
| Inventory | $79M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $265M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $494.0K |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $409M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $351.0K |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $268M |
| Common Stock | $797.0K |
| Additional Paid-In Capital | $330M |
| Retained Earnings | -$46M |
| Treasury Stock | -$144M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $409M |
| Total Debt | $219M |
| Net Debt | $205M |
