| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $86M | $80M | -0.9% | 5.6% |
| Op. Income | -$2M | $34.0K | $6M | -5573.5% | -131.1% |
| Gross Margin | 21.7% | 25.7% | 33.2% | -4.0pp | -11.6pp |
| Net Margin | 0.2% | 1.1% | 7.2% | -0.9pp | -7.0pp |
| EPS (Diluted) | $0.02 | $0.11 | $0.67 | -80.0% | -96.7% |
| Free Cash Flow | -$91M | $33M | $15M | -378.2% | -687.1% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $702.0K |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | $7M |
| Operating Expenses | $20M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$2M |
| Interest Income | $81M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $193.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193.0K |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $51.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $193.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $242.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$80M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$90M |
| Capital Expenditure | -$650.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | -$124M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | -$131M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$534.0K |
| Other Financing Activities | $353M |
| NET CASH FROM FINANCING | $222M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $446M |
| Short-Term Investments | $479M |
| Net Receivables | $997M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $70M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $161M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.3B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $370M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $382M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $186M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $231M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $390M |
| Minority Interest | $0 |
| TOTAL EQUITY | $390M |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $370M |
| Net Debt | -$77M |
