| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $130M | $133M | 8.5% | 6.1% |
| Op. Income | $12M | $9M | $7M | 31.2% | 71.7% |
| Gross Margin | 29.8% | 30.6% | 27.7% | -0.8pp | 2.1pp |
| Net Margin | 6.6% | 5.8% | 4.6% | 0.8pp | 2.0pp |
| EPS (Diluted) | $0.57 | $0.43 | $0.33 | 32.6% | 72.7% |
| Free Cash Flow | -$3M | $4M | -$5M | -176.9% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $4M |
| Operating Expenses | $30M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $12M |
| Interest Income | $311.0K |
| Interest Expense | $620.0K |
| Other Income/Expenses | -$309.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| 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 | $4M |
| EBIT | $12M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $4M |
| Operating Expenses | $30M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $12M |
| Interest Income | $311.0K |
| Interest Expense | $620.0K |
| Other Income/Expenses | -$309.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| 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 | $4M |
| EBIT | $12M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$637.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $342.0K |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $130M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $86M |
| Goodwill | $12M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $272M |
| Account Payables | $20M |
| Short-Term Debt | $33M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $212M |
| Retained Earnings | $6M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $272M |
| Total Debt | $94M |
| Net Debt | $74M |
