| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $51M | $52M | 5.3% | 4.5% |
| Op. Income | $13M | $10M | $6M | 30.9% | 128.4% |
| Gross Margin | 37.7% | 33.7% | 25.0% | 4.1pp | 12.8pp |
| Net Margin | 17.4% | 13.9% | 7.9% | 3.5pp | 9.5pp |
| EPS (Diluted) | $4.28 | $3.24 | $1.88 | 32.1% | 127.7% |
| Free Cash Flow | $5M | $11M | $3M | -52.9% | 88.6% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $222.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $8M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $13M |
| Interest Income | $51M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $188.0K |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $222.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $8M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $13M |
| Interest Income | $51M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $188.0K |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $188.0K |
| Stock-Based Compensation | $51.0K |
| Deferred Income Tax | $560.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$124.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $101M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$93M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $370M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $13M |
| Short-Term Debt | $136.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $16M |
| Retained Earnings | $428M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
