| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $88M | $85M | -2.8% | 1.5% |
| Op. Income | $44M | $47M | $44M | -7.0% | -1.3% |
| Gross Margin | 53.3% | 56.3% | 55.8% | -3.0pp | -2.4pp |
| Net Margin | 20.6% | 21.2% | 25.8% | -0.6pp | -5.2pp |
| EPS (Diluted) | $0.33 | $0.35 | $0.40 | -5.7% | -17.5% |
| Free Cash Flow | $27M | $40M | $47M | -33.1% | -43.4% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $44M |
| Interest Income | $1M |
| Interest Expense | $24M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $16.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $19M |
| EBIT | $42M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $44M |
| Interest Income | $1M |
| Interest Expense | $24M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $16.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $19M |
| EBIT | $42M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $23.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $27M |
| 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 | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $413M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $5M |
| Other Current Assets | $56.0K |
| TOTAL CURRENT ASSETS | $470M |
| PP&E (Net) | $2.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $166M |
| Long-Term Debt | $722M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $545.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$241M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $762M |
| Minority Interest | $0 |
| TOTAL EQUITY | $762M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.8B |
| Net Debt | $1.3B |
