| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $115M | $97M | 7.4% | 26.9% |
| Op. Income | $31M | $26M | $22M | 17.7% | 38.7% |
| Gross Margin | 47.7% | 52.1% | 49.0% | -4.4pp | -1.3pp |
| Net Margin | 13.6% | 13.4% | 7.9% | 0.2pp | 5.7pp |
| EPS (Diluted) | $0.17 | $0.16 | $0.09 | 6.3% | 98.6% |
| Free Cash Flow | $21M | $27M | $5M | -21.1% | 316.1% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $59M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $13M |
| EBIT | $27M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $59M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $13M |
| EBIT | $27M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $215.0K |
| Other Non-Cash Items | $356.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$55.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $72M |
| Inventory | $100M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $286M |
| PP&E (Net) | $84M |
| Goodwill | $688M |
| Intangible Assets | $420M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $278M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $323M |
| TOTAL LIABILITIES | $369M |
| Common Stock | $936.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$495.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $287M |
| Net Debt | $184M |
