| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $118M | $103M | -0.9% | 13.2% |
| Op. Income | $3M | $3M | -$1M | -15.7% | 357.9% |
| Gross Margin | 59.8% | 59.7% | 55.7% | 0.2pp | 4.1pp |
| Net Margin | 1.3% | 1.7% | -0.7% | -0.3pp | 2.0pp |
| EPS (Diluted) | $0.05 | $0.06 | $-0.02 | -20.1% | 325.2% |
| Free Cash Flow | -$26M | -$28M | -$3M | 7.7% | -864.1% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | -$256.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $3M |
| Interest Income | $11.0K |
| Interest Expense | $813.0K |
| Other Income/Expenses | -$802.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $522.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $4M |
| EBIT | $3M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | -$256.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $3M |
| Interest Income | $11.0K |
| Interest Expense | $813.0K |
| Other Income/Expenses | -$802.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $522.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $4M |
| EBIT | $3M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $299.0K |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $255.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $5M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $80M |
| PP&E (Net) | $308M |
| Goodwill | $11M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $368M |
| TOTAL ASSETS | $447M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $178M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $48M |
| Additional Paid-In Capital | $50M |
| Retained Earnings | $83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $274.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $447M |
| Total Debt | $189M |
| Net Debt | $172M |
