| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $88M | $70M | 8.9% | 36.6% |
| Op. Income | $39M | $36M | $9M | 8.7% | 358.9% |
| Gross Margin | 92.5% | 94.3% | 91.5% | -1.8pp | 1.1pp |
| Net Margin | 39.9% | 40.5% | 22.2% | -0.6pp | 17.8pp |
| EPS (Diluted) | $1.29 | $1.20 | $0.53 | 7.5% | 143.4% |
| Free Cash Flow | $51M | $25M | -$5M | 105.2% | 1059.1% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $89M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $39M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $2M |
| EBIT | $39M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $89M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $39M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $2M |
| EBIT | $39M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $494.0K |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$114M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $354M |
| Short-Term Investments | $328M |
| Net Receivables | $111M |
| Inventory | $31M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $841M |
| PP&E (Net) | $158M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $139M |
| Tax Assets | $0 |
| Other Non-Current Assets | $197.0K |
| TOTAL NON-CURRENT ASSETS | $297M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$107M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $10M |
| Net Debt | -$344M |
