| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $44M | $42M | 1.7% | 5.4% |
| Op. Income | $7M | $8M | $6M | -9.3% | 25.4% |
| Gross Margin | 42.3% | 47.1% | 44.6% | -4.8pp | -2.3pp |
| Net Margin | 16.5% | 9.0% | 10.4% | 7.5pp | 6.1pp |
| EPS (Diluted) | $0.13 | $0.07 | $0.08 | 85.7% | 62.5% |
| Free Cash Flow | $6M | -$2M | $11M | 403.2% | -45.2% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $19M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $14.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $7M |
| Interest Income | $453.0K |
| Interest Expense | $192.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $6M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $19M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $14.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $7M |
| Interest Income | $453.0K |
| Interest Expense | $192.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $6M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $95.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$404.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $82M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $183M |
| PP&E (Net) | $47M |
| Goodwill | $30M |
| Intangible Assets | $100M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $33.3K |
| TOTAL NON-CURRENT ASSETS | $185M |
| TOTAL ASSETS | $368M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $177.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $659.0K |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $15M |
| Additional Paid-In Capital | $268M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | $0 |
| TOTAL EQUITY | $260M |
| TOTAL LIABILITIES & EQUITY | $368M |
| Total Debt | $11M |
| Net Debt | -$55M |
