| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $26M | $24M | 10.2% | 16.6% |
| Op. Income | $7M | $5M | $4M | 29.0% | 65.5% |
| Gross Margin | 69.7% | 64.5% | 60.2% | 5.1pp | 9.5pp |
| Net Margin | 18.3% | 15.5% | 13.4% | 2.7pp | 4.9pp |
| EPS (Diluted) | $0.67 | $0.51 | $0.42 | 31.4% | 59.5% |
| Free Cash Flow | -$454.0K | $6M | -$634.0K | -107.3% | 28.4% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $208.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $7M |
| Interest Income | $24M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $40.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $208.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $7M |
| Interest Income | $24M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $40.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $471.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$716.0K |
| OPERATING CASH FLOW | -$236.0K |
| Capital Expenditure | -$218.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$454.0K |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | -$7M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $32M |
| Goodwill | $15M |
| Intangible Assets | $368.0K |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $104M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $8M |
| Additional Paid-In Capital | $95M |
| Retained Earnings | $73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $2.0B |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $121M |
| Net Debt | $89M |
