| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $72M | $80M | -12.3% | -21.2% |
| Op. Income | $29M | $34M | $42M | -14.9% | -31.8% |
| Gross Margin | 89.1% | 89.7% | 91.4% | -0.6pp | -2.3pp |
| Net Margin | 41.4% | 43.3% | 52.6% | -2.0pp | -11.2pp |
| EPS (Diluted) | $0.86 | $1.03 | $1.44 | -16.5% | -40.3% |
| Free Cash Flow | $48M | $54M | $64M | -10.7% | -24.5% |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $19M |
| Operating Expenses | $27M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $29M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $19M |
| EBIT | $30M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $19M |
| Operating Expenses | $27M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $29M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $19M |
| EBIT | $30M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $492.0K |
| Change in Working Capital | $761.0K |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $122M |
| PP&E (Net) | $731.0K |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $290M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $303M |
| TOTAL LIABILITIES | $425M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$264M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $290M |
| Net Debt | $190M |
