| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $186.0K | $51M | 11665.1% | -57.2% |
| Op. Income | $15M | -$7M | $47M | 337.2% | -67.3% |
| Gross Margin | 70.8% | -3383.9% | 88.1% | 3454.6pp | -17.3pp |
| Net Margin | 70.7% | -3508.6% | 92.6% | 3579.4pp | -21.8pp |
| EPS (Diluted) | $0.42 | $-0.18 | $1.40 | 333.3% | -70.0% |
| Free Cash Flow | $63M | $10M | -$60M | 536.8% | 205.0% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$2M |
| Operating Expenses | $2.0K |
| Cost & Expenses | $6M |
| OPERATING INCOME | $15M |
| Interest Income | $21M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$2M |
| Operating Expenses | $2.0K |
| Cost & Expenses | $6M |
| OPERATING INCOME | $15M |
| Interest Income | $21M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $629.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $386.0K |
| OPERATING CASH FLOW | $63M |
| 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 | -$55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$74.0K |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$516.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $857M |
| TOTAL NON-CURRENT ASSETS | $857M |
| TOTAL ASSETS | $869M |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $380M |
| TOTAL LIABILITIES | $410M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $444M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $31M |
| TOTAL STOCKHOLDERS' EQUITY | $458M |
| Minority Interest | $0 |
| TOTAL EQUITY | $458M |
| TOTAL LIABILITIES & EQUITY | $869M |
| Total Debt | $341M |
| Net Debt | $339M |
