| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $34M | — | 2.4% | — |
| Op. Income | -$3M | -$5M | — | 37.4% | — |
| Gross Margin | 6.9% | -1.1% | — | 7.9pp | — |
| Net Margin | -9.6% | -9.0% | — | -0.6pp | — |
| EPS (Diluted) | $-0.20 | $-0.18 | — | -11.1% | — |
| Free Cash Flow | $7M | -$17M | — | 138.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $18.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$3M |
| Interest Income | $13.0K |
| Interest Expense | $228.0K |
| Other Income/Expenses | $281.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $301.0K |
| 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 | -$4M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$727.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $551.0K |
| Deferred Income Tax | $301.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$765.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$34.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$574.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $950.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $165M |
| Goodwill | $2M |
| Intangible Assets | $5M |
| Long-Term Investments | $85M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $297M |
| Account Payables | $15M |
| Short-Term Debt | $72.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $55M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $332.0K |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $181.0K |
| Additional Paid-In Capital | $170M |
| Retained Earnings | $11M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $11M |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $297M |
| Total Debt | $58M |
| Net Debt | $56M |
