| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $21M | $18M | -34.4% | -22.0% |
| Op. Income | $4M | $9M | $6M | -58.2% | -41.8% |
| Gross Margin | 40.1% | 48.0% | 45.9% | -7.8pp | -5.7pp |
| Net Margin | 20.7% | 27.4% | 23.0% | -6.7pp | -2.3pp |
| EPS (Diluted) | $0.08 | $0.16 | $0.11 | -50.1% | -27.4% |
| Free Cash Flow | -$7M | $3M | $891.0K | -342.7% | -931.8% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $73.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $4M |
| Interest Income | $8.1K |
| Interest Expense | $650.5K |
| Other Income/Expenses | $225.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $936.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $73.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $4M |
| Interest Income | $8.1K |
| Interest Expense | $650.5K |
| Other Income/Expenses | $225.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $936.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $488.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$319.0K |
| Common Stock Repurchased | -$527.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $646.0K |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $825.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $255M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $263M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $295M |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$123M |
| Treasury Stock | -$234.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $263M |
| Total Debt | $31M |
| Net Debt | $28M |
