| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $24M | $27M | 3.8% | -5.3% |
| Op. Income | $1M | $762.0K | $4M | 54.3% | -70.5% |
| Gross Margin | 78.2% | 75.1% | 78.6% | 3.2pp | -0.4pp |
| Net Margin | 4.1% | 2.5% | 10.9% | 1.6pp | -6.8pp |
| EPS (Diluted) | $0.01 | $0.01 | $0.02 | 65.4% | -64.6% |
| Free Cash Flow | $1M | -$4M | -$2M | 131.5% | 156.1% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $20M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $17M |
| SG&A Expenses | $21M |
| Other Expenses | -$5M |
| Operating Expenses | $19M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $1M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$62.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $80.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $590.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $20M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $17M |
| SG&A Expenses | $21M |
| Other Expenses | -$5M |
| Operating Expenses | $19M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $1M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$62.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $80.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $590.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $590.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $310.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $848.0K |
| Capital Expenditure | $550.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$228.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$303.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $297M |
| Account Payables | $481.0K |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $129M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $171M |
| TOTAL LIABILITIES | $218M |
| Common Stock | $1M |
| Additional Paid-In Capital | $495M |
| Retained Earnings | -$327M |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $297M |
| Total Debt | $139M |
| Net Debt | -$92M |
