| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $144M | $172M | 11.7% | -6.1% |
| Op. Income | $19M | $14M | $23M | 38.3% | -15.0% |
| Gross Margin | 36.5% | 22.3% | 33.9% | 14.2pp | 2.6pp |
| Net Margin | 6.8% | 5.4% | 8.2% | 1.4pp | -1.4pp |
| EPS (Diluted) | $0.37 | $0.25 | $0.42 | 48.0% | -11.9% |
| Free Cash Flow | $35M | $36M | -$26M | -1.8% | 234.6% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $9M |
| Operating Expenses | $39M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $9M |
| Operating Expenses | $39M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $507.0K |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $351M |
| PP&E (Net) | $71M |
| Goodwill | $55M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $518M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $543.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $215M |
| Long-Term Debt | $144M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $160M |
| TOTAL LIABILITIES | $376M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | $276M |
| Treasury Stock | -$217M |
| Accum. Other Comp. Income | $138.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $142M |
| Minority Interest | $0 |
| TOTAL EQUITY | $142M |
| TOTAL LIABILITIES & EQUITY | $518M |
| Total Debt | $167M |
| Net Debt | -$8M |
