| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $55M | $75M | 31.6% | -3.2% |
| Op. Income | $13M | $3M | $13M | 313.8% | -0.6% |
| Gross Margin | 31.3% | 21.8% | 30.0% | 9.5pp | 1.3pp |
| Net Margin | 14.0% | 5.0% | 12.7% | 9.0pp | 1.2pp |
| EPS (Diluted) | $0.23 | $0.06 | $0.20 | 283.3% | 15.0% |
| Free Cash Flow | $6M | $13M | $41M | -53.3% | -85.4% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $822.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $13M |
| Interest Income | $651.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $651.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $822.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $13M |
| Interest Income | $651.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $651.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $78.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$464.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$464.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $78M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $28M |
| Goodwill | $62M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $318M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $437.0K |
| Additional Paid-In Capital | $107M |
| Retained Earnings | $148M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $318M |
| Total Debt | $6M |
| Net Debt | -$78M |
