| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $78M | $86M | 22.8% | 10.6% |
| Op. Income | $23M | $16M | $18M | 46.5% | 24.9% |
| Gross Margin | 80.0% | 78.2% | 80.2% | 1.7pp | -0.2pp |
| Net Margin | 28.0% | 23.4% | 27.6% | 4.6pp | 0.4pp |
| EPS (Diluted) | $0.42 | $0.26 | $0.28 | 61.5% | 50.0% |
| Free Cash Flow | $24M | $14M | $42M | 72.2% | -42.5% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $76M |
| R&D Expenses | $3M |
| Selling & Marketing | $47M |
| General & Administrative | $3M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $23M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $191.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $76M |
| R&D Expenses | $3M |
| Selling & Marketing | $47M |
| General & Administrative | $3M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $23M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $191.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $191.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $573.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$220.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $72M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $294M |
| Net Receivables | $60M |
| Inventory | $68M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $639M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $700.0K |
| Tax Assets | $55M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $708M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $628M |
| TOTAL STOCKHOLDERS' EQUITY | $628M |
| Minority Interest | $0 |
| TOTAL EQUITY | $628M |
| TOTAL LIABILITIES & EQUITY | $708M |
| Total Debt | $6M |
| Net Debt | -$210M |
