| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $101M | $92M | $83M | 9.7% | 21.9% |
| Op. Income | -$848.0K | -$53M | -$3M | 98.4% | 74.6% |
| Gross Margin | 24.8% | 24.9% | 32.0% | -0.1pp | -7.2pp |
| Net Margin | -3.3% | -52.2% | -38.3% | 48.9pp | 35.0pp |
| EPS (Diluted) | $-0.04 | $-0.53 | $-0.35 | 92.5% | 88.6% |
| Free Cash Flow | $6M | -$18M | $16M | 131.7% | -63.9% |
| Item | Amount |
|---|---|
| REVENUE | $101M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $9M |
| Operating Expenses | $26M |
| Cost & Expenses | $102M |
| OPERATING INCOME | -$848.0K |
| Interest Income | $619.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$800.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $163.0K |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$263.0K |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $441.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$747.0K |
| Sales/Maturities of Investments | $561.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $5M |
| Net Receivables | $79M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $69M |
| Goodwill | $7M |
| Intangible Assets | $153M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $240M |
| TOTAL ASSETS | $418M |
| Account Payables | $0 |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $172M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $256M |
| TOTAL LIABILITIES | $328M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $811M |
| Retained Earnings | -$720M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$762.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $90M |
| Minority Interest | $0 |
| TOTAL EQUITY | $90M |
| TOTAL LIABILITIES & EQUITY | $418M |
| Total Debt | $224M |
| Net Debt | $160M |
