| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $63M | $65M | 21.1% | 17.0% |
| Op. Income | $19M | $8M | $9M | 123.4% | 121.8% |
| Gross Margin | 41.2% | 34.2% | 27.7% | 7.0pp | 13.5pp |
| Net Margin | 20.7% | 13.1% | 40.0% | 7.6pp | -19.4pp |
| EPS (Diluted) | $0.15 | $0.08 | $0.25 | 92.3% | -39.5% |
| Free Cash Flow | -$201M | -$52M | $28M | -286.5% | -817.9% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $31M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $19M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $439.0K |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $12M |
| EBIT | $31M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $31M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $19M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $439.0K |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $12M |
| EBIT | $31M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$288M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$293M |
| Net Debt Issuance | $559M |
| Common Stock Repurchased | -$107M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $426M |
| FREE CASH FLOW | -$201M |
| Net Change in Cash | $213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $893M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $83M |
| Short-Term Debt | $512M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $199M |
| TOTAL CURRENT LIABILITIES | $796M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $253M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $102M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$125M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $400M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.9B |
| Net Debt | $1.1B |
